Verbund Focuses Investments on Austria

People ♦ Published: April 12, 2012; 18:32 ♦ (Vindobona)

The Austrian energy company plans investments of € 2.4bn in the next five years. About 66% of these investments will be made in Austria.

Verbund Focuses Investments on Austria / Picture: © Verbund AG

Verbund´s CEO Wolfgang Anzengruber said to be aware of the rating and the low net indebtedness. Regarding the rating, Anzengruber stressed that Verbund is among the best third in Europe. The gearing, which went down to 82% last year, will be kept below 100%, Anzengruber added. Anzengruber retained the price guarantee until 2014. Verbund aims to double its number of customers from…