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New Deal


Announced

RWE acquired a 49% stake in VSEH from a subsidiary of Innogy.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For49%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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power distribution

Friendly

Minority

Acquisition

Single Bidder

Pending

Slovakia

Electricity Distribution

Private

Synopsis

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RWE, a German electric utilities company, acquired a 49% stake in VSEH, a holding company based in Kosice whose subsidiaries are engaged primarily in the business of electricity supply and distribution in Slovakia, from a subsidiary of Innogy. Financial terms were not disclosed. This activity is a further step aimed to realise RWE's transaction with E.ON. E.ON will seek to acquire the stake in VSEH next year.

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