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VERBUND AG
M&A Activity • Jun 15, 2020
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M&A Activity
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News Details
Ad-hoc | 15 June 2020 17:47
VERBUND AG: Binding offer for the acquisition of a 51% stake in Gas Connect Austria GmbH
VERBUND AG / Key word(s): Mergers & Acquisitions
VERBUND AG: Binding offer for the acquisition of a 51% stake in Gas Connect Austria GmbH
15-Jun-2020 / 17:47 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
On 12 March 2020, VERBUND AG (“VERBUND”) issued insider information announcing that VERBUND was examining the financial and strategic aspects of a possible acquisition of OMV’s 51% stake in Gas Connect Austria GmbH. After examining the proposal, the Executive Board of VERBUND has today decided to submit a binding offer to OMV for the acquisition of its 51% stake in Gas Connect Austria GmbH. The offer is subject to agreement between VERBUND and OMV on the transaction contracts and the approval of the Supervisory Board. The offer is otherwise confidential.
Contact:
Andreas Wollein
Head of Group Finance, M&A and Investor Relations
T.: +43 (0)5 03 13 – 52604
F.: +43 (0)5 03 13 – 52694
mailto:[email protected]
15-Jun-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | VERBUND AG |
| 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) Vienna Stock Exchange (Official Market) |
| EQS News ID: | 1070347 |
| End of Announcement | DGAP News Service |