Verbund: Speculations about Increase in Sorgenia Stake

EnergyEnergy Source ♦ Published: July 1, 2011; 17:22 ♦ (Vindobona)

The Austrian electricity company might sell its shares in Poweo and instead acquire its joint venture partner’s stake in Sorgenia.

Verbund: Speculations about Increase in Sorgenia Stake / Picture: © Vindobona.org

Speculations about Verbund’s future investment portfolio continue. According to a report by the Italian newspaper “Il Sole 24 Ore”, the Austrian electricity provider might acquire a stake from the industrial holding CIR to become the sole shareholder in their common joint venture Sorgenia. Verbund currently holds a 45% stake in the Italian company.

The group has recently…