E.ON SE

EOAN: XETR (DEU)

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E.On: Acquisition of Ovo Makes Sense; Shares Fairly Valued

Tancrede Fulop

May 11, 2026

E.On has agreed to acquire UK retail energy supplier Ovo, adding 4 million customers. The transaction price has not been disclosed. Upon completion of the transaction, E.On's UK market share will increase from 16% to 28% in electricity and 13% to 23% in gas.

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E.ON SE

E.On: Acquisition of Ovo Makes Sense; Shares Fairly Valued

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