German energy giant E.On has ended the search for a buyer for its energy from waste (EfW) unit.
An E.On spokesman told MRW the company had “stopped the process of divesting that business some days ago.”
The sale was part of the company’s €15bn divestment programme to streamline its business as the firm adjusts to Germany’s decision to end nuclear power generation by 2022.
Reuters previously reported that one bid had been submitted and several were being prepared for the EfW operation.
It is understood the company has been succesful in other divestments and is unwilling to sell its EfW operations at too low a price. Industry sources said as the EfW business does not fit with E.On’s core operations it could be put back up for sale in the future.
In May, the company was named as one of two bidders shortlisted for the huge West London Waste Authority residual waste contract.