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Verbund Wants to Leave France

Published: May 5, 2012; 16:26 · (Vindobona)

After the sale of its stake in Poweo, the Austrian energy company intends to sell the remaining gas power plants in France.

Verbund Wants to Leave France / Picture: © Flickr

In 2011, Verbund sold its stake in the French energy supplier Poweo. Verbund suffered substantial losses. CEO Wolfgang Anzengruber already admitted that the French subsidiary Poweo was a major fault. “We have learned our lesson.” Anzengruber said. Until now, losses reached € 310m in France.

Now, also the two remaining gas power plant should be sold. Anzengruber wants to…

This article includes a total of 286 words.

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