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Onthoudt begin december 2014! Volgend jaar december wordt sowieso memorabel vanwege COP21 Parijs. Wat is er nu loos? De Telegraaf heeft gelukkig net een nog voorzichtige aanval ingezet op windenergie, maar de Volkskrant verkondigt vandaag vrolijk het einde van steenkool. Waarom? Het NRC kwam er gisteren al mee: Energiereus Eon schakelt volledig over op duurzame energie. Ik vertrouwde dit bericht gelijk al niet, omdat het natuurlijk ondenkbaar is dat in een wereld die voor 80% op fossiel draait een gigantische speler zichzelf buiten de meerderheid van de markt en de winst zou plaatsen. Dus ik snor het originele persbericht op. Hierrr de Duitse versie en hierrr de Engelse. Ik zal nu laten zien wat er werkelijk staat. De meest korte samenvatting is:

Eon stapt volledig uit hernieuwbare energie

Want wat is er aan de hand? Om duidelijkheid voor investeerders te scheppen worden alle conventionele onderdelen van Eon in een nieuw beursgenoteerd bedrijf ondergebracht met voorlopig als werktitel New Company. Nu hoef je dus alleen maar te lezen wat die New Company gaat doen om te zien wat de werkelijke agenda is. Hieronder heb ik alles uit het persbericht gehaald wat over de af te splitsen duurzame tak (natuurlijk een subsidieslurpende hippe sterfhuisconstructie – zie ook dit Duitse solar faillissement weer) gaat en laat ik alleen zien wat New Company (Eon met een andere naam dus) gaat doen:

New corporate strategy: E.ON becomes a new, publicly listed company specializing in power generation, global energy trading, and exploration and production

E.ON sets new strategic course and will set up its businesses differently, making them viable for the future Disposal of Spanish assets will increase financial flexibility for the new setup; divestment of E.ON’s activities in Italy being evaluated, the exploration and production business in the North Sea under strategic review.

E.ON will combine its conventional generation, global energy trading, and exploration and production businesses in a new, independent company (“New Company”), a majority of which will be spun off to E.ON SE shareholders. This new organizational setup is the logical consequence of the new strategy that the E.ON SE Supervisory Board decided on at its meeting today.

We’re going to create a solid, independent company that will safeguard security of supply.

With a portfolio consisting of conventional power generation, global energy trading, and exploration and production the New Company’s clear focus will put it in an excellent position to lead the necessary consolidation of power generation in Europe and to offer attractive services for the system needs of the future.

A strong natural gas portfolio—which encompasses exploration and production, gas transport pipelines to Europe, long-term gas procurement contracts, and substantial storage capacity in Germany—makes New Company one of the leading players in the natural gas business of the future. These power and gas activities will continue to have E.ON’s well-established trading unit as their interface with global commodity markets and European trading platforms. The New Company, which will have its headquarters in Germany’s Rhine-Ruhr region and offer good prospects to about 20,000 employees, will create a better platform for securing jobs in an altered market environment.

E.ON is clearly separating power and gas production and trading from its end-customer businesses, thereby making both even more transparent for regulators. The new setup will enable New Company to make a significant contribution to supply security.

E.ON’s financial flexibility is further enhanced by the divestment of its entire businesses in Spain and Portugal, which it has agreed to sell to Macquarie, an Australian investment firm, for an enterprise value of €2.5 billion. The new owner will operate and further develop E.ON’s conventional and renewable operations in both countries and be the future partner for its distribution and retail customers there. “We are pleased that in Macquarie we have found a good employer for our people. Macquarie has already proven its trustworthiness in the acquisition of our gas transmission business in Germany,” Teyssen said. In addition, prior to implementing the new setup, E.ON is exploring the disposal of its activities in Italy and will conduct a strategic review of its exploration and production business in the North Sea.

The New Company will be set up with a strong net financial position, ensuring that it can obtain a solid investment-grade rating. Existing provisions for the dismantling and disposal of nuclear and conventional assets will be fully covered in New Company’s balance sheet. Because it will not have any of the Group’s existing capital-market liabilities and thanks to its solid financing, the publicly listed New Company will be financially robust.

New Company’s business portfolio will create another attractive stock. New Company’s investors will benefit from the cash flow from its current business portfolio in Europe and Russia and from additional opportunities created by the anticipated restructuring of generation markets in Europe. E.ON is therefore convinced that the new setup will offer E.ON’s current shareholders additional value potential. New setup to be implemented by 2016.

Als onbezoldigd blogger op dit platform heb ik niet de tijd om uit te zoeken of de bezittingen van Eon in Italië duur-zaam of betaal-baarzaam zijn. Iemand in de reacties misschien?