“Day of truth”
Frankfurter Allgemeine Zeitung
E.ON fossil-fuel spin-off Uniper’s IPO revealed the difficult situation both companies face in the near future, writes Helmut Bünder in an opinion piece for Frankfurter Allgemeine Zeitung. “The first day of trading became the day of truth. The market valuation fell miles short of the book value that was set unrealistically high. Many billions will vanish into thin air, new extraordinary write-downs will pull E.ON into the red figures – not unexpected, but still bitter.”
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