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Poweo

Verbund Wants to Leave France

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

May 5, 2012

Losses at Verbund´s French Subsidiary Poweo

With consolidated revenue totalling € 503.4m, down 27.7%, the Group ended the year with a net loss of € 63.4m, due mainly to losses at the generation business and various write-downs

March 23, 2012

Verbund Reports Drop in Group Result and Sale of French Poweo

The Austrian electricity group suffered from extraordinarily weak water supply in the first six months of the year. The stake in French Poweo will be sold to competitor Direct Energie.

July 27, 2011

Verbund Sold Renewables Portfolio to Axa Private Equity

The Austrian electricity company disposed of Poweo’s renewable energy business as a step towards restructuring of its portfolio in France.

July 19, 2011

Verbund: Speculations about Increase in Sorgenia Stake

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

July 1, 2011

Verbund to Restructure Its Portfolio

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

June 27, 2011

Verbund Starts Restructuring in France

The Austrian energy company takes full control of the Poweo production subsidiary Poweo Production S.A.S.

December 22, 2010

Verbund: Warning Concerning Profit

Despite worsening results, the Verbund Group holds fast to the capital increase. Core shareholders go along.

October 28, 2010
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