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EQT fully takes over E.ON's Energy from Waste

Published 04/05/2015, 08:31
Updated 04/05/2015, 08:32
© Reuters. The headquarters of German utility giant E.ON are seen before a news conference in Duesseldorf
EONGn
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FRANKFURT (Reuters) - EQT Infrastructure II on Monday said it has taken on the remaining stakes of E.ON's (DE:EONGn) Energy from Waste (EEW), bringing to 100 percent its former 51 percent shareholding.

"Over the last two years, EQT Infrastructure and E.ON have jointly contributed to EEW's development, allowing EEW to improve its competitive position," it said in a statement.

The firm operates at 19 waste burning sites that produce power, district heat and industrial steam in Germany, Luxembourg and the Netherlands.

In 2014, EEW had sales of 539 million euros (398 million pounds) and 1,210 employees.

The value of the transaction was not disclosed.

© Reuters. The headquarters of German utility giant E.ON are seen before a news conference in Duesseldorf

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