RWE, VEW plan Euro19 billion merger; German deal would create top energy firm

Article Abstract:

RWE AG and VEW AG have agreed to a swap share merger that puts a preliminary value of approximately Euro19 billion on VEW. The merger would also boost RWE back to the top spot in a ranking of the top publicly traded power firms of Europe, said people familiar with the utilities' plans. The supervisory boards of the two companies will probably meet today to agree on the deal, which calls for RWE to offer one of its shares for every four of VEW's shares.

Asset sales & divestitures, Acquisitions & mergers, Germany, Electric Power Generating, Electric Power Generation, Mergers, acquisitions and divestments, RWE AG, VEW Energie AG

---

Enel's net income rises 31%

Article Abstract:

Italian electric utility Enel SpA announces a 31% net profit increase to $6.22 billion in 2007. Article discusses the company's recent acquisitions and investments, stock value, strategic plans, and expected profit in 2008.

Italy, Sales, profits & dividends, Forecasts, trends, outlooks, Electric services, Securities issued, listed, Securities, Company sales and earnings, Company earnings/profit, Company securities, Company business forecast/projection, Company forecasts, ENEL S.p.A., Financial report

---

Similar abstracts:

• Abstracts: UBS role in Dubai-Almatis deal is big vote for leveraged finance. Ashley launches effort to acquire Newcastle United
• Abstracts: Smiths nears aerospace sale: deal for $4.9 billion with GE would mark shift for U.K. firm
• Abstracts: SARPlan: a decision support system for Canadian search and rescue operations. Bi-criteria scheduling problems: number of tardy jobs and maximum weighted tardiness
• Abstracts: Marketing research in Japan: from its emergence to the present. The importance of blogging
• Abstracts: Railway unions strike in France and Germany. French, German strikes set to disrupt rail service. French jobless rate falls to 8.4 percent but data reliability is questioned

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.