NEWS zu ENRON

Kursverfall gefährdet Enron-Übernahme

Die Übernahme des US-Energiekonzerns Enron durch den wesentlich kleineren Konkurrenten Dynegy wackelt. Der Kurs von Enron ist in den vergangenen Tagen um 45 % gesunken und hat den Marktwert des wirtschaftliche schwer angeschlagenen Konzerns auf etwa 4 Mrd.$ gedrückt. Dynegy muss jedoch vereinbarungsgemäß 9,3 Mrd.$ in Aktien zahlen. Neuverhandlungen mit dem Risiko des Scheiterns sind deshalb nicht auszuschließen, Enron steckt seit Wochen in einer schweren Liquiditätskrise.

HB 26.11.2001  

LONDON -(Dow Jones)- Dynegy Inc. (DYN) remains optimistic, after further review of Enron Corp.'s (ENE) finances last week, that it will be able to buy the company, the Financial Times reported Monday.

Dynegy said that it, "remained optimistic for the potential of the merger to be completed, and in the time frame we originally announced - six to nine months," the FT reported.

Critical investment in Enron by J.P. Morgan Chase and Citigroup will proceed only if an unofficial pact between Enron, Dynegy, and Enron's lenders and credit rating agencies remains intact, the report said. Investment from these two is likely to total between $500 million and $1 billion, while Enron continues to look for a further $500 million from private equity firms.

The deal suffered a setback last week, when a regulatory filing revealed a greater debt burden than some investors had realized. Enron's share price fell following the report, to $4.74 from $9.00.

A $1 billion secured credit line from J.P. Morgan Chase and an extension of a $690 million repayment due Tuesday weren't enough to keep the share price from falling. This led to speculation that Dynegy was considering renegotiating its all-stock bid, now at $9.3 billion, compared with Enron's market value of $3.5 billion, said the report.