Power deals lull in 2012 was only “temporary”

A lull in deals within the power and utilities sector in the first three months of 2012 was only “temporary”. That’s according to a new report from PricewaterhouseCooper’s (PwC), called ‘European Power & Renewables Deals’, which found “significant deal activity” is taking place in the European sector. Although fewer took place between April and June, […]

E.ON sells off European gas transmission firm

German power firm E.ON is selling off its German gas transmission firm for €3.2 billion (£2.5bn), it announced yesterday. A consortium of investors is buying Open Grid Europe (OGE), which has been an independent operator since 2010. The deal will help bring E.ON closer to its goal of generating roughly €15 billion (£12bn) in sales […]