Verbund Group: Capital Increase has Been Determined

Politics ♦ Published: October 20, 2010; 17:48 ♦ (Vindobona)

The capital increase for the biggest domestic electricity generator will allow large investments in energy infrastructure and thereby accelerate new power generation projects.

Verbund Group: Capital Increase has Been Determined / Picture: © Verbund AG

The capital increase of the Verbund group has been determined finally. The Parliament has approved the increase of the equity by one billion euro. The federation, as 51% majority shareholder will contribute 510 million euro. Therefore the Republic will go on being the majority owner of the Verbund group.

The two ruling parties, SPÖ and ÖVP, as well as the opposition FPÖ…

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