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InvestmentsE.ON targets up to $4.5 billion in proceeds from portfolio adjustments By...

E.ON targets up to $4.5 billion in proceeds from portfolio adjustments By Reuters


© Reuters. FILE PHOTO: E.ON headquarters in Essen, Germany, March 15, 2017. REUTERS/Thilo Schmuelgen/File Photo

FRANKFURT (Reuters) – E.ON, Europe’s largest operator of power networks, targets 2 to 4 billion euros ($2.3-$4.5 billion) in proceeds from asset gross sales in addition to partnerships by 2026, it stated on Tuesday, forward of its capital markets day.

Outlining its technique for the 2022-2025 interval, which additionally consists of 27 billion euros in investments in networks and retail power, E.ON additionally stated it could goal annual financial savings of 500 million euros by 2026.

($1 = 0.8896 euros)

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