At first glance, it seems the price is fair and that the dilution to Suez is marginal. |
Net customer loss of 500,000 for the half year makes our estimate for the full year of 650,000 seem clearly too optimistic -- especially in the light of the recent gas price increases. |
They (E.ON) have always said they that they would not overpay for acquisitions and this appears to be proof of that. |