Verbund Wants to Leave France

EnergyOil & Gas ♦ 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: ©

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…