One-Page Deal Sheet
E.ON to Sell 100% of Norwegian Business for $1.6 Billion
DEA Deutsche Erdoel AG E.On
Announced Date
October 14,2015
Effective Date
January 01,2015
Close Date
December 16,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
1600
Asset/Basin:
{"North Sea","Norwegian Sea","Barents Sea"}
Transaction Details: Subscribe to see
E.ON has signed an agreement to sell 100 percent of its shares in E.ON E&P Norge AS (E.ON E&P Norge) to DEA Deutsche Erdoel AG (DEA). The transaction value is $1.6 billion, including $0.1 billion of cash on the balance sheet as at the effective date of January 1st 2015.
E.ON to sell Norwegian E&P business for $1.6 billion to DEA Deutsche Erdoel AG (including $0.1 billion of cash) Transaction is an important step in overall financial framework and provides flexibility to implement E.ON’s strategy E.ON’s UK E&P business remains under strategic reviewE.ON placed its North Sea E&P business…
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