Abstract
Introduction
As part of the Financial Deals series, Datamonitor presents its quarterly
analysis of merger and acquisition activity in European energy markets. This
presents an examination and commentary on deals, alliances and takeovers
amongst European gas and power utilities The brief considers the financial,
strategic and political implications of individual agreements, in the context
of wider trends.
Scope of this research
- Details, analysis and opinion of critical mergers and acquisitions in
Europe' s energy sector.
- The setting and backdrop to all the deals, explaining their historical
context and the current climate in which the utilities operate.
- An assessment of the implications recent mergers and acquisitions will
have on the national and regional markets.
Research and analysis highlights
Following months of speculation, German energy giant E.ON has agreed on a sale
price of EUR2.9 billion for Thuga, a holding company with minority stakes in
90 municipal energy suppliers across Germany. The deal will see Germany' s
fifth largest energy supplier go to Integra and Kom9, both consortia of almost
50 communally-owned energy companies.
European energy giants are looking to reduce shares of generating capacities
at home in exchange for slice of each other' s foreign markets In a chain of
deals that will ultimately enhance the competitive landscape of European power
markets, several national energy champions have entered into multiple asset
swaps.
Swedish utility Vattenfall is understood to be in talks with EDF with a view
to acquiring a stake in UK nuclear generator British Energy. Vattenfall,
Europe' s fourth largest power group by generation was one of several major
European utilities to show an interest in bidding for BE in Q1 last year, but
in the end did not mount a bid.
Key reasons to purchase this research
- Keep track of Merger & Acquisition activity in Europe' s energy sector.
- Compare the strategies of major utility players and how M&A feeds into
these policies.
- Position yourself for potential future deals and market opportunities.
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