Share Buyback
Our share buyback program started on June 27, 2007. As part of this program, E.ON plans to buy back stock worth approximately EUR 7 billion. The shares will be cancelled later in order to reduce the capital stock. With the share buyback, we will decrease our equity while simultaneously increasing our indebtedness. This is an important step towards making our capital structure more efficient. The buyback also reflects our confidence in the valuation upside of our stock.
As of December 3, E.ON had bought back shares worth approximately EUR 6.5 billion. Thereof, stock amounting to approximately EUR 3.5 billion had been bought back in 2007. Due to the ongoing financial crises, we have decided to hold off the program and are watching further developments in the capital markets to maintain the highest degree of flexibility.
We will provide you with regular updates on the progress of our program on this site.
As of December 3, E.ON had bought back shares worth approximately EUR 6.5 billion. Thereof, stock amounting to approximately EUR 3.5 billion had been bought back in 2007. Due to the ongoing financial crises, we have decided to hold off the program and are watching further developments in the capital markets to maintain the highest degree of flexibility.
We will provide you with regular updates on the progress of our program on this site.
