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Verbund AG: Closing of The Asset Swap With E.ON

Published: April 26, 2013; 13:18 · (Vindobona)

Verbund, Austria’s leading electricity company, and E.ON, one of the world’s largest energy providers, finalised the asset swap that was signed on 3 December 2012.

Verbund AG: Closing of The Asset Swap With E.ON / Picture: © Verbund AG

The closing of the agreements took place today, Wednesday, 24 April 2013. Under this transaction, Verbund is selling its 50% interest in the Turkish company Enerjisa Enerji A.S. to E.ON and in return is acquiring E.ON’s shares in eight run-of-river power plants in Germany with a proportionate annual generation of more than 2 TWh. Verbund already directly or indirectly held equity…

This article includes a total of 198 words.

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