Home / Centerstage / 2000 / august / Week 1 /
Late Wednesday, Hamburg-based electrical power company Hamburgische Elektrizitaets-Werke AG (HEW) announced its plan to acquire the 49% stake in Berlin utility Bewag AG currently held by German energy company E.On AG. In exchange, E.On will receive HEW's 15.7% stake in Swedish utility Sydcraft AB, its 61.9% stake in natural gas company Hein Gas Hamburger Gaswerke GmbH, and €248 million ($223.1 million) in cash.
Thursday, 10 August, 2000