E.ON could sell npower, one of UK’s largest electricity retailers for industrial users

Santander | E.ON is reportedly considering the sale of npower, one of the largest electricity traders serving industrial users in the United Kingdom. According to the article that reports this, Centrica and ScottishPower have announced in recent months their intention to exit from marketing to large corporate customers due to high price volatility and low margins. Assessment: E.ON acquired npower from innogy in 2019 and subsequently transferred npower’s residential and…

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E.ON sells its Spanish business at Ebitda 10x

MADRID | The Corner | Citi will be the senior advisor in the business, whose preliminary assessment goes up to €3 billion. The major stakeholders would be Energía Villar Mir, EDP and several funds (such as KKR, Riverstone, Brookfield, Blackstone and JPMorgan’s infrastructure fund).