AVE Needs Fresh Funds

People ♦ Published: April 10, 2012; 19:56 ♦ (Vindobona)

The waste management company, which is held by the Upper Austrian energy company Energie AG, intends to pursue its growth strategy in CEE. New capital is needed therefore.

AVE Needs Fresh Funds / Picture: © Vindobona.org

Windtner emphasizes that Energie AG is well-positionned at the moment. Though, the economic framework conditions are more difficult than in 2011. “We will have to put more effort in order to reach our targets this year.” As a consequence, cost structures will be examined. “We have to create synergies and optimize our purchase operations.”

Energie AG´s CEO explains that…