E.ON drives focus of its portfolio – divestiture of Norwegian Exploration & Production Business to DEA

Gepubliceerd op 14-10-2015 om 15:23

E.ON to sell Norwegian E&P business for $1.6 billion to DEA Deutsche Erdoel AG (including $0.1 billion of cash)
Transaction is an important step in overall financial framework and provides flexibility to implement E.ON’s strategy
E.ON’s UK E&P business remains under strategic review

E.ON has signed an agreement to sell 100 percent of its shares in E.ON E&P Norge AS (E.ON E&P Norge) to DEA Deutsche Erdoel AG (DEA). The transaction value is $1.6 billion, including $0.1 billion of cash on the balance sheet as at the effective date of January 1st 2015. …