Powergen, the UK's third-largest electricity generator, which is being acquired by Germany's E.ON fo...
Powergen, the UK's third-largest electricity generator, which is being acquired by Germany's E.ON for $14bn, said third-quarter profit rose 5.3% as a US acquisition boosted sales. Net income in the three months through September rose to £60m, or 9.1p a share, from £57m, or 8.6p a share, in the year-earlier period, the company said in a statement on Regulatory News Service. Sales rose 48% to £1.4bn. Powergen completed the $5.4bn acquisition of Kentucky's LG&E Corp in December to reduce its exposure to the UK, where falling prices ate into profits. Around the end of October, the shares...
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