Vattenfall gets Eu5bn loan for Nuon takeover

Vattenfall, the Swedish state-owned utility, has secured a Eu5bn loan to back the first part of its acquisition of Dutch peer Nuon, announced today (Monday). Nine banks are providing the financing.

  • 23 Feb 2009

Vattenfall announced on Monday morning that it has made an Eu8.5bn friendly cash offer for Nuon’s production and supply unit.

Including 2008 dividends, the total cost will be Eu10.3bn or 9.7 times Nuon’s 2008 Ebitda.

Vattenfall, rated A2/A-, will initially buy 49% of the target’s shares. This will be ...

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