E.ON appoints team to fend off hostile takeover attempts (translated)
German energy conglomerate E.ON [ETR:EOAN] has appointed a team consisting of banks and law firms to fend off potential hostile takeover attempts, ARD reported.
The German TV channel said that E.ON itself confirmed a report to that effect published by local magazine Der Spiegel.
Following the spin-off of Uniper, the E.ON’s power plant subsidiary, and the downward trend caused by the energy transition in Germany, the firm is valued at EUR 12bn on the stock exchange. This valuation could make E.ON attractive for hedge funds, the report noted.