EON Has No Intention to Sell Assets to Pay Dividend: CEO
EON SE is targeting underlying net income of as much as 1 billion euros this year after Germany’s biggest utility spins off its Uniper unit to focus on renewables, networks and customer services. The Essen-based company will be a “strong dividend performer,” and plans to pay shareholders up to 60 percent of net income a year, Chief Executive Officer Johannes Teyssen said on a call with reporters before its capital markets day in London. EON aims to list 53 percent of Uniper, pending approval at a shareholder meeting on June 8. Teyssen joined Bloomberg's Caroline Hyde to discuss more.