E.ON sells its BKW stake to BKW and Groupe E
Bern (ots) - E.ON Energie AG is to sell its shareholding in BKW FMB Energy Ltd (BKW). E.ON, BKW and Groupe E AG have agreed on the terms of repurchase/conditions of purchase. E.ON's rationale for selling the stake was a reassessment of its strategy. By buying back the shares, BKW will expand its strategic room for manoeuvre. E.ON acquired its stake in BKW in two stages in 1997 and 1999. Following a ...