German utility E.ON plans sale of Italian business

FRANKFURT/MILAN (Reuters) - Germany utility E.ON (EOAN.DE) has started preparations for the sale of its Italian business and will soon begin the search for a buyer, four people familiar with the matter said, at a price likely to be about 3 billion euros ($4 billion). "Goldman Sachs has been contacted to look into things (regarding the Italian sale), but it's early days yet," one of the sources said. A second source confirmed that Goldman Sachs is working on the file, adding that E.ON will not sell on the cheap. Goldman Sachs declined to comment.

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