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Verbund to Restructure Its Portfolio

Published: June 27, 2011; 16:00 · (Vindobona)

The Austrian electricity company is negotiating the sale of French Poweo. Eni and Enel are said to be interested in an acquisition.

Verbund to Restructure Its Portfolio / Picture: © Verbund AG

According to media reports, Verbund is currently working on a major restructuring of its investment portfolio. The Austrian group is said to be in talks with Eni and Enel about the sale of its 46% stake in the French company Poweo. “Le Journal du Dimanche” reported that negotiations were still at an early stage. The French business of Verbund suffers from delays in the opening of…

This article includes a total of 225 words.

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