Verbund Sold Renewables Portfolio to Axa Private Equity

Energy › Utilities ♦ Published: July 19, 2011; 07:04 ♦ (Vindobona)

The Austrian electricity company disposed of Poweo’s renewable energy business as a step towards restructuring of its portfolio in France.

Verbund Sold Renewables Portfolio to Axa Private Equity / Picture: © Vindobona.org

Axa Private Equity and neoen, the French independent renewable producer, announced that they have signed an agreement to acquire Poweo’s renewable energy activities from Verbund, Austria’s leading electricity company. The transaction is expected to be completed as soon as possible.

Poweo is one of the leading independent renewable power players in France, with more than 120…

or Log In

Fast News Search
Related News
EVN Concludes Acquisition of Stake in Inn Power Plants (July 5, 2011)
Verbund: Speculations about Increase in Sorgenia Stake (July 1, 2011)
Verbund to Restructure Its Portfolio (June 27, 2011)
Verbund Evaluating Future Options for Sorgenia (June 9, 2011)
New Chance for Verbund in Turkey (June 6, 2011)
CEO of Verbund Expects Steady Increase of Electricity Price (June 1, 2011)
Read More
Verbund, Poweo, France, M & A, Energy Industry, Electronics Industry, Renewable Energy Industry
Featured
Coronavirus in Lower Austria: Update
See latest Vindobona Newsletter