E.ON-RWE Asset Swap Likely Subject to Lengthy Reviews

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Event-Driven

<ul><li class="p1">When German utilities RWE and E.ON complete their planned spin-offs this year, each company will offer investors two options: Upstream or downstream?</li><li class="p1">We think both businesses offer attractive attributes. But we think investors should buy the whole packages today at steep discounts to fair value.</li></ul><p><em>Analyst: Travis Miller</em></p>

When German utilities RWE and E.ON complete their planned spin-offs this year, each company will offer investors two options: Upstream or downstream?We think both businesses offer attractive attributes. But we think investors should buy the whole packages today at steep discounts to fair value.Analyst: Travis Miller

RWE and E.ON: Time to Buy German Utilities Before Splits Lift Valuations.