1. English Edition

E.ON, RWE Don't Face Worst-Case With Nuclear Tax

E.ON, RWE Dont Face Worst-Case With Nuclear Tax
dj
Δευ, 13 Σεπτεμβρίου 2010 - 19:01
The outcome of Germany's discussions on new nuclear taxation isn't the worst case scenario for E.ON (EOAN.XE) and RWE (RWE.XE), Deutsche Bank says. Life extension is longer, risk of a double taxation seems to have been removed and security requirements lower.
The outcome of Germany' s discussions on new nuclear taxation isn' t the worst case scenario for E. ON ( EOAN. XE) and RWE ( RWE. XE), Deutsche Bank says. Life extension is longer, risk of a double taxation seems to have been removed and security requirements lower. Tax deductibility is positive, Deutsche Bank adds. However, the profit hit is significant and there is no meaningful offset from life extension before 2017, it says. It expects dividend cuts to bring yields into line with the sector. Buy rating for both. EUR28 target for E.ON, EUR64 for RWE. E.ON shares +0.8% at EUR23.45, RWE +0.02% at EUR53.47.

Διαβάστε ακόμα