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Scottish Power To Become German One

German energy concern E.ON has confirmed it considered the possibility to offer a takeover bid for Scottish Power

German energy concern E.ON has confirmed it considered the possibility to offer a takeover bid for Scottish Power, the British fifth-biggest energy group.
E.ON, which already owns Powergen in the UK, said any possible offer for Scottish Power.

Scottish Power supplies energy to 5.2 million users in the UK. Its shares surged on the news 4.1% at 546.5p on the London Stock Exchange, and valuing the firm at $18bn.

E.ON said it was "considering its options" regarding a possible takeover for Scottish Power.