Verbund´s Subsidiary APG Going Public?

Politics ♦ Published: October 25, 2011; 22:05 ♦ (Vindobona)

The IPO of Verbund´s subsidiary Austrian Power Grid is being discussed.

Verbund´s Subsidiary APG Going Public? / Picture: ©

According to an EU-directive, energy companies have to separate production from their power grid networks. This means, that own departments for IT, HR, PR and marketing have to be created as well as an own Corporate Identity. APG, a wholly owned subsidiary of Verbund, already upgrades its stuff by 70 new employees. Further internal organization measures are planned.

In order to…