EON Steps Up Germany’s Nuclear Exit Agreement
EON SE fell the most in almost three months on concerns about how much new capital Germany’s largest utility will need to fund the nation’s exit from nuclear power. The Essen-based utility is “ready to take measures” to protect its balance sheet under a decommissioning agreement with Germany, Chief Financial Officer Michael Sen said in a Bloomberg Television interview with Francine Lacqua. EON earlier reported a 30 percent increase in first quarter underlying net income that beat analyst estimates.
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