MOSCOW, Sept 15, 2007 (AFP) - German energy giant E.ON has won the bidding for a 69-percent stake in Russian electricity company OGK-4 with an offer of around four billion dollars (2.9 billion euros), officials said on Saturday.

'It is the biggest investment deal in the history of Russia's electricity sector,' said Anatoly Chubais, the CEO of Russian electricity monopoly UES, according to ITAR-TASS news agency.

E.ON has offered 753 dollars per kilowatt of capacity for the 69-percent stake in OGK-4 that is currently owned by the state, Chubais said.

FRANKFURT, Germany, Aug 15, 2007 (AFP) - E.ON, the biggest energy supplier in Germany, upheld Tuesday its full-year earnings forecast despite seeing its second-quarter net profit fall around 18 percent.

The optimism in its first-half report was due to a strong performance overall for the first six months of 2006 which saw net profits rise 26 percent to 3.9 billion euros (5.3 billion dollars).

The picture was less rosy for the second quarter where profits dropped to 901 million euros and earnings before interest and tax (EBIT) plunged 20 percent to 1.38 billion euros.

FRANKFURT, Germany, Aug 15, 2007 (AFP) - E.ON, the biggest energy supplier in Germany, upheld Tuesday its full-year earnings forecast despite seeing its second-quarter net profit fall around 18 percent.

The optimism in its first-half report was due to a strong performance overall for the first six months of 2006 which saw net profits rise 26 percent to 3.9 billion euros (5.3 billion dollars).

The picture was less rosy for the second quarter where profits dropped to 901 million euros and earnings before interest and tax (EBIT) plunged 20 percent to 1.38 billion euros.

BRUSSELS, Aug 6, 2007 (AFP) - The European Union's top regulator on Monday approved German energy giant E.ON's proposed acquisition of Viesgo and parts of Spanish energy company Endesa, including Endesa Europa.

'After examining the operation, the (European) Commission concluded that the proposed transaction would not significantly impede effective competition in the European Economic Area or any substantial part of it,' the Commission said in a statement.

FRANKFURT, Aug 2, 2007 (AFP) - German energy E.ON said Thursday it had agreed with Shell to take a 28-percent stake in the Skarv-Idun gas field in Norway.

E.ON will pay 893 million dollars (653 million euros) for the stake and expects to invest 1.4 billion dollars in the field, with production scheduled to start in 2011.

The deal, which is subject to approval from Norwegian authorities, is expected to be completed by the end of the year.