Ofgem fines energy giant E.ON £12 million for mis-selling

Office of the Gas and Electricity Markets (Ofgem) announced on Friday that following its investigation in the sales practices of UK energy company E.ON, it has penalised the company for its large scale mis-selling. This has resulted in largest supplier […]

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German utility E.ON sells its 62.8% stake in Westfalen unit for €360m

German utility E.ON SE (ETR:EOAN) said today it had signed a deal to sell its 62.8% stake in regional unit E.ON Westfalen Weser AG to a consortium of


German utility E.ON to sell stakes in regional players in 2013

German utility E.ON SE (ETR:EOAN) sees the planned disposal of its interests in E.ON Westfalen Weser AG and E.ON Mitte AG more likely to happen in 2013 than


German utility E.ON to acquire Verbund’s stake in Turkish Enerjisa Enerji

German energy group E.ON AG (ETR:EOAN) said today it had sealed a definitive deal to buy Austrian utility Verbund AG's (WBAG:VER) 50% stake in the Turkish joint

Gas Burners

E.ON sells gas grid to a Macquarie-led consortium for €3.2bn

German utility E.ON AG (ETR:EOAN) said it had agreed to sell its gas grid in Germany Open Grid Europe (OGE) to a consortium of Macquarie European Infrastructure Fund


E. ON to be investigated by Ofgem over mis-leading sales

E. ON will be become the fifth of the ‘big six’ energy suppliers to come under investigation by the industry regulatory over its sales practices, it was revealed

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