Deals
E.ON, Sabanci Hire Citi, JPM for Power Producer IPO
- Share sale at Enerjisa Uretim is planned for next spring
- Deal’s success depends on international investor appetite
The logo of E.ON AG is seen illuminated at night outside the company's headquarters in Dusseldorf, Germany, on Tuesday, Aug. 16, 2011.
Photographer: Hannelore FoersterThis article is for subscribers only.
German energy company E.ON SE and Turkish conglomerate Haci Omer Sabanci Holding AS have hired advisers to work on a possible initial public offering of their electricity producing joint venture, people with knowledge of the plans said.
Enerjisa Uretim Santralleri AS, as the equally owned entity is called, agreed with Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley to manage the share sale, which is planned for next spring, the people said, asking not to be named as the deliberations are confidential.