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…

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