E.ON and Statkraft in $8 Billion Renewables-Driven Asset Swap

JOHANNESBURG--November 14, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--At the end of 2008 Statkraft (Oslo, Norway) will become the largest producer of renewable energy in Europe. This will result from an asset swap with E.ON (OTC:EONGY) (Duesseldorf, Germany) in which Statkraft will take over power and district heating plants in Sweden, Germany and the United Kingdom.