AI assistant
VERBUND AG — M&A Activity 2012
Oct 11, 2012
765_rns_2012-10-11_3822db55-35b3-4894-9375-57d821e644f7.html
M&A Activity
Open in viewerOpens in your device viewer
News Details
Corporate | 11 October 2012 13:00
VERBUND AG: VERBUND sells stake in EKG to Stadtwerke Klagenfurt
VERBUND AG / Key word(s): Contract/Disposal
11.10.2012 / 13:00
/
VERBUND sells stake in EKG to Stadtwerke Klagenfurt
VERBUND, Austria’s leading electricity company, was able to take one more successful step in restructuring the investment portfolio in Austria and the planned disinvestment program.
VERBUND is selling its 49% stake in the Klagenfurt-based energy service provider Energie Klagenfurt GmbH (EKG) to Stadtwerke Klagenfurt AG. Stadtwerke Klagenfurt will thus once again be the sole owner of the electricity, gas and thermal power supplier EKG. Contracts were signed today, Thursday, 11 October 2012.
This can be seen as one more step by VERBUND in restructuring non-strategic minority interests. Stadtwerke Klagenfurt will pay VERBUND around 70 million euros as part of this transaction. The transfer of shares is planned to be completed in 2012 and will have a slightly favourable effect on the VERBUND Group result.
End of Corporate News
11.10.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
| Language: | English |
| Company: | VERBUND AG |
| Am Hof 6A | |
| 1010 Wien | |
| Austria | |
| Phone: | 0043-1-53113-52616 |
| Fax: | 0043-1-53113-52694 |
| E-mail: | [email protected] |
| Internet: | www.verbund.com |
| ISIN: | AT0000746409 |
| WKN: | 877738 |
| Indices: | ATX |
| Listed: | Foreign Exchange(s) Wien (Amtlicher Handel / Official Market) |
| End of News | DGAP News-Service |
| - - - |
| 188472 11.10.2012 |