E.ON History 2000

E.ON folds its Schmalbach-Lubeca stake into the newly-formed AV Packaging. Allianz Capital Partners takes a majority stake in the company.

E.ON sells the electronic components and systems distribution operations managed by its VEBA Electronics subsidiary to a consortium of European and American buyers.

In compliance with its antitrust commitments, E.ON Energie agrees to swap assets with Hamburgische Electricitäts-Werke (HEW). Under the terms of the agreement, E.ON Energie is to sell its 49 percent stake in Bewag, the Berlin-based energy utility, to HEW. In return, E.ON Energie is to receive HEW's 61.9 percent shareholding in Hein Gas Hamburger Gaswerke plus a cash payment. The deal remains in limbo because of an arbitration procedure initiated by Mirant (formerly Southern Energy), also a Bewag shareholder.

E.ON and British Telecom (BT) reach an agreement under which E.ON has the option to sell its VIAG Interkom interest to BT in January 2001. BT has the option to acquire this interest from E.ON between May and July 2001.

VIAG Interkom acquires a German UMTS license for about EUR8.4 billion.