Source Pravda.Ru

E.ON In Exclusive G-8 Talks

E.ON, Europe's second largest utility, was chosen for exclusive talks to buy a stake in a group of eight power distributors, known as G-8, Polish daily Prawo I Gospodarka reported, without citing anyone.

The government may raise as much as 5 billion zloty ($1.25 billion) from selling as much as eighty five percent of the group of distributors, the paper said. The government will make a final decision on Tuesday on whether to increase the amount of the sale, the paper said, without citing anyone.

The government had planned to sell as much as twenty five percent of the group, worth an estimated half billion dollars. As Poland has raised only 667 million zloty from state asset sales during the first five months this year, or about a ten percent of the amount planned, it may decide to increase the amount to be sold, the paper reported.

E.ON is one of four bidders and the third company to enter sole talks over the sale, according to press reports. Other bidders include Spain's Iberdrola SA, Belgium's Electrabel SA and Elektrim SA, Poland's power and phone company. Poland ended exclusive talks last year with Iberdrola and later Elektrim on the sale, the paper reported earlier.

Visit to

&to=http://www.eon.com/' target=_blank>EON

Comments
US and Israeli officials travel to Ukraine to study S-300 air defence systems
Crimea terrorist attack: Young man shoots students, then blows up his bomb
Putin: Russians will go to heaven in case of nuclear war
Russia and Germany develop anti-Polish collusion
Ukraine and Belarus throw dust in Putin's eyes
Ukraine and Belarus throw dust in Putin's eyes
Ukraine and Belarus throw dust in Putin's eyes
Kerch college shooter grew up in dysfunctional family
Kerch college shooter grew up in dysfunctional family
Russia will not let NATO warships into Sea of Azov
Russia joins forces with Egypt to establish law and order in the Middle East
Russia joins forces with Egypt to establish law and order in the Middle East
Russia joins forces with Egypt to establish law and order in the Middle East
Orthodox unity splits as Russian Orthodox Church breaks ties with Constantinople
Russia joins forces with Egypt to establish law and order in the Middle East
Saudi Arabia knows how to dismember journalists and get away with it
Russia joins forces with Egypt to establish law and order in the Middle East
Russia joins forces with Egypt to establish law and order in the Middle East
Russia joins forces with Egypt to establish law and order in the Middle East
Russia eyes Libya to subordinate the West to its will?
Russia receives super long range missile for S-400 anti-aircraft systems