E.ON sells its Spanish business at Ebitda 10x

E.ON has €2.7 billion in the accounting books, 4,500MW in installed power and 33,000 kilometres of distribution network. The initial reference price is estimated on the basis of a 10x EBITDA multiplier (in 2013, E.ON’s EBITDA was €300 million), which seems reasonable according to experts at Bankinter.

Not-binding offers must be submitted by 11 August at the latest. E.ON also sells its business in Italy, where the senior advisor is Goldman.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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