E.ON History 2007

E.ON responds swiftly to a temporary improvement in the capital markets by issuing a EUR3.5 billion benchmark bond through E.ON International Finance B.V. The bond is heavily oversubscribed and successfully placed with a broad range of international investors.

E.ON enters the highly attractive and fast-growing Russian electricity market by acquiring a majority stake in OGK-4, a power producer. OGK-4 operates four gas-fired power stations and one coal-fired power station with an installed capacity of about 8.6 gigawatts and plans to add 2.4 gigawatts of technologically advanced generating capacity at existing sites by 2011.

E.ON and Statkraft sign a letter of intent for an asset swap under which E.ON will take ownership of the 44.6-percent stake in E.ON Sverige held by Statkraft, giving E.ON nearly 100 percent of E.ON Sverige. In return, Statkraft will receive shareholdings in E.ON generation assets in Sweden, Germany and England along with shares of E.ON stock. The transaction, which is expected to close in the first half of 2008, will further
strengthen E.ON’s position in the Nordic market.

Through E.ON International Finance B.V., E.ON issues a £1.5 billion benchmark bond which is successfully placed with a large number of institutional investors.

E.ON makes an important contribution to security of supply by acquiring 28 percent of Skarv and Idun, natural gas fields located in the northern Norwegian Sea that rank among Norway’s largest and most attractive undeveloped gas fields.
Production is scheduled to begin in 2011. E.ON’s share of the fields’ annual output is expected to average about 1.4 billion cubic meters for at least ten years.