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E.On sells German transmission network to Tennet

FRANKFURT (MarketWatch) -- German utility E.On AG /quotes/comstock/11e!feoan (DE:EOAN 27.07, -0.04, -0.15%) said Tuesday it is selling its extra high-voltage transmission network in Germany to Tennet, a state-owned Dutch network operator, for 1.1... Full Article at MarketWatch

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  1. The sale of 10,700 kilometers (6,700 miles) of power lines will take effect on January 1, 2010, a statement from E.ON said. The transaction is still subject to approval by anti-trust authorities. Full Article at Deutsche Welle

  2. FRANKFURT -- German utility E.On AG said Tuesday it is selling its extra high-voltage transmission network in Germany to Tennet, a state-owned Dutch network operator, for 1.1 billion euros, which includes cash held by the company. Full Article at FOX News

  3. Nov. 10 (Bloomberg) -- E.ON AG sold its German power network to Dutch electricity-grid operator Tennet BV for 1.1 billion euros ($1.7 billion) to help settle a three-year European Union probe into whether it thwarted competition. Full Article at Bloomberg.com

  4. Nov. 9 (Bloomberg) -- E.ON AG, the German utility selling assets to settle a three-year antitrust probe, may agree to sell its power network to Dutch electricity-grid operator Tennet BV this week, said two people familiar with the matter. Full Article at Bloomberg.com

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