VERBUND AG — M&A Activity 2011

Jul 27, 2011

News Details

Ad-hoc | 27 July 2011 07:19

VERBUND AG: VERBUND sells 46%-stake in Poweo S.A. to Direct Energie

VERBUND AG / Key word(s): Disposal/Disposal

27.07.2011 07:19

Dissemination of an Ad hoc announcement, transmitted by DGAP - a company of
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VERBUND, Austria's leading utility and biggest shareholder of POWEO S.A.
sells its 46%-stake in French alternative electricity supplier POWEO S.A.
to competitor Direct Energie. The sales price of about EUR36m corresponds
approximately to the book value. The closing is set to take place before
November 2011 after approval of the anti-trust authorities.
This transaction concludes VERBUND's restructuring of its business
activities on the French electricity market.

After this transaction, VERBUND operates one gas power plant with 412 MW in
Pont-sur-Sambre/France and constructs the Toul gas power plant.

Contact:
Andreas Wollein
Head of Group Finance and Investor Relations
T.: +43 (0)5 03 13 - 52604
F.: +43 (0)5 03 13 - 52694
mailto:investor@verbund.com

27.07.2011 DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: VERBUND AG
Am Hof 6A
1010 Wien
Austria
Phone: 0043-1-53113-52616
Fax: 0043-1-53113-52694
E-mail: investor@verbund.com
Internet: www.verbund.com
ISIN: AT0000746409
WKN: 877738
Indices: ATX
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart; Wien (Amtlicher Handel / Official Market)

End of Announcement DGAP News-Service

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