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VERBUND AG — M&A Activity 2017
Mar 14, 2017
765_iss_2017-03-14_b8b72a09-45e8-4a94-89c9-809bee586f9b.pdf
M&A Activity
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DGAP-Ad-hoc: VERBUNDAG/ Keyword(s): StrategicCompanyDecision
14-March-2017 / 13:06 CET/CEST Disclosure of an inside information acc. toArticle 17 MAR, transmitted byDGAP- a service of EQSGroupAG. The issuer is solelyresponsible for the content of this announcement.
In recent years, VERBUNDhas been evaluating all options for the Mellach combined cycle gas turbine power plant located at the Mellach site including its sale.
The management of VERBUNDAGis announcing todaythat the sales process has been terminated as the purchase offers of potential buyers did not meet management's expectations.
Newconditions in connection with the regulatorystructure of the grid reserve will be evaluated in respect to the future use of the Mellach combined cycle gas turbine power plant.
Contact: Andreas Wollein Head ofGroup Finance, M&Aand Investor Relations T.: +43 (0)5 03 13 - 52604 F.: +43 (0)5 03 13 - 52694 mailto:[email protected]
14-March-2017 CET/CESTThe DGAPDistribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases. Archive atwww.dgap.de
| Language: | English |
|---|---|
| Company: | VERBUNDAG |
| Am Hof 6A | |
| 1010 Wien | |
| Austria | |
| Phone: | 0043-1-53113-52604 |
| 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 ofAnnouncement DGAPNews Service