Valuations of DREWAG and ENSO in accordance with IDW S 1 as amended in 2008
IVC carried out the company valuations of DREWAG – Stadtwerke Dresden GmbH and ENSO Energie Sachsen Ost AG in the course of the merger to form SachsenEnergie AG. The valuations were carried out in accordance with the principles of IDW S 1 as amended in 2008 and served to determine the share exchange ratio to be used as the basis for the merger.
With SachsenEnergie AG, the merger creates the largest municipal utility in Eastern Germany and at the same time the fourth largest municipal utility in Germany. The business areas are power generation, distribution & sales as well as heating, water supply and fiber optics/broadband.