Verbund Sells € 70m Asset

Businessn.a. ♦ Published: October 11, 2012; 18:24 ♦ (Vindobona)

Austria’s biggest electricity producer is focussing on majority interests with emphasis on hydropower.

Verbund Sells € 70m Asset / Picture: ©

Verbund  is selling its 49 % stake in the Klagenfurt-based energy service provider, Energie Klagenfurt GmbH (EKG), to Stadtwerke Klagenfurt AG. In future, Stadtwerke Klagenfurt will be the sole owner of the electricity, gas and heat provider EKG again. Verbund was thereby able to take one more successful step in restructuring the investment portfolio in Austria and the planned…