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VERBUND AG — M&A Activity 2014
Oct 13, 2014
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M&A Activity
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Corporate | 13 October 2014 17:19
VERBUND AG: Contracts for the sale of the French combined cycle gas power plants Pont-Sur-Sambre and Toul signed
VERBUND AG / Key word(s): Contract/Disposal
13.10.2014 / 17:19
/
Contracts for the sale of the French combined cycle gas power plants Pont-Sur-Sambre and Toul signed
Vienna, on October 9 2014
Schlagwort: Signing
VERBUND, Austria’s leading electricity company and KKR, a leading global investment firm, have signed the contracts for the already announced sale of the French combined cycle gas power plants Pont-Sur-Sambre and Toul today.
“This sale is a significant milestone for VERBUND in the optimisation of the thermal power plant portfolio. With this transaction we consistently implement our strategy, namely the focus on profitable and environmentally friendly hydropower generation and the stable core markets of Austria and Germany. In addition, we improve our future earnings and strengthen our position as a renewable electricity producer in Europe, “says CFO Peter F. Kollmann to the successful sale.
After the finalisation of the transaction, there will be no negative contributions to results in connection with both of the disposed French combined cycle gas turbine power plants from financial year 2015.
For additional information please contact
Mag. Andreas Wollein
Head of Group Finance and Investor Relations
Tel.: +43(0)50313-52604
Fax: +43(0)50313-52694
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:[email protected]
13.10.2014 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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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: | [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 |
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| 291083 13.10.2014 |