German energy giant EON announces new strategic focus

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Germany energy giant EON said on Wednesday it will sell 15 billion euros' (21 billion dollars') worth of assets as part of a new strategic focus only on "competitive" markets in Europe and growth elsewhere.

"EON intends to generate about 15 billion euros through further portfolio measures by the end of 2013 to further reduce its debt and increase its scope for investments," the company said in a statement.

© 2010 AFP

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