Eon again extends deadline for EEW sale


German electricity supplier Eon has once again extended the deadline for the submission of binding offers for its waste incineration subsidiary Eon Energy from Waste (EEW), a person familiar with the matter told the news agency dpa, confirming media reports. Eon did not wish to comment on the report.

According to dpa, the sale deadline, initially postponed to 8 June, has been extended for about two weeks. On the stock market, the delay is seen as an indication that the Eon is encountering difficulties in obtaining the desired price for the subsidiary. Given the second extension, it was doubtful the division could be sold for the €800m to €1bn Eon hoped to achieve, a stock trader told dpa.

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