E.ON History 2007

E.ON divests its last remaining non-core asset by signing an agreement to sell its 50.1-percent stake in ONE GmbH, an Austrian telecommunications company, to a consortium consisting of France Télécom und Mid Europa Partners, a private equity firm.

E.ON makes an important contribution to the future of climate protection by becoming Europe’s first company to test a process for capturing up to 90 percent of the carbon dioxide contained in conventional power plant emissions. The test, conducted in Sweden, is part of a research initiative called innovate.on.

E.ON begins a share buyback program under which it will repurchase around EUR7 billion of its own stock by the end of 2008, about half of this figure in 2007. The purpose of the program is to optimize E.ON’s capital structure.