More suitors emerge for Eon

Utility giant Eon is thought to have fielded several fresh bids for its UK electricity grid distribution business. US energy supplier PPL, Hong Kong-based CKI and MidAmerican Energy Holdings, owned by Warren Buffett’s Berkshire Hathaway, were among those named yesterday as potential suitors for the business. All three firms already have operations in the UK. Eon, which has taken on JP Morgan Chase and Barclays to advise it during a €15bn (£12.7bn) asset sale over the next three years, was unavailable for comment last night.