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Home > Company Index > Conglomerates > Conglomerates > E.ON AG

E.ON AG
NYSE: EON
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 NEWS FROM THE STANDARD
Calif. Startup Engineers an Unusual Sales Deal
Apr 24 2000 10:55 AM PDT

 PROFILE
Formed when VEBA and VIAG merged in 2000, E.ON is one of Germany's largest conglomerates, but the new company will focus on its utility operations. VEBA's PreussenElektra and VIAG's Bayernwerk have been combined to form E.ON Energie, Germany's #1 electric utility, and E.ON intends to expand by buying PowerGen, a leading UK electricity generator that also has operations in the US. E.ON plans to sell off its nonutility businesses, including chemical maker Degussa and VEBA Oel, which has proved reserves of more than 650 million barrels of oil equivalent and controls Aral, Germany's #1 gas station chain. The conglomerate also is moving to sell its distribution and logistics holdings, which include Klöckner and Stinnes.

 COMPETITION
BASF Aktiengesellschaft (BF)
RWE Aktiengesellschaft (RWEOY)
Royal Dutch/Shell Group (dossier)

 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 77,904.00
1-Yr. Sales Growth: 45.9%
Employees: 186,788
Revenue per employee: $417,071.76

 KEY PEOPLE
• Wilhelm Simson
    CEO
• Erhard Schipporeit
    CFO

 CONTACT INFO
Bennigsenplatz 1
D-40474 Düsseldorf, Germany
Phone: 49-211-4579-1
Fax: 49-211-4579-501
Online: Web Site

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