Verbund Sells Enerjisa to E.ON

Businessn.a. ♦ Published: December 3, 2012; 22:11 ♦ (Vindobona)

Verbund, Austria’s leading utility, and E.ON, one of the world’s largest energy providers, have reached an agreement on an asset swap.

Verbund Sells Enerjisa to E.ON / Picture: ©

The deal includes the acquisition of German hydropower capacities and the sale of Verbund equity interest in the Turkish company Enerjisa Enerji A.S. Contracts were signed today, Monday, December 3, 2012.

As part of the transaction, Verbund will sell its 50% interest in Enerjisa Enerji A.S. to E.ON and, in return, will acquire E.ON’s interest in eight…