EON May Notify Suitors for Unit Sale, Platow Says

EON AG (EOAN) may give feedback next week to bidders for its energy-from-waste unit on their offers, which valued the business at as much as 2 billion euros ($2.7 billion), Platow Brief reported, without citing anyone.

MVV Energie AG (MVV1) has teamed up with EQT Partners AB to bid, in competition with Morgan Stanley (MS)’s infrastructure fund and GP Guenter Papenburg AG, the German newsletter said. Remondis AG has established a joint venture with German municipalities to counter potential antitrust concerns over its possible purchase of the unit of Dusseldorf-based EON, Platow reported.

To contact the reporter on this story: Nicholas Comfort in Frankfurt at ncomfort1@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.