VERBUND AG: VERBUND sells 46%-stake in Poweo S.A. to Direct Energie

VERBUND AG  / Key word(s): Disposal/Disposal

27.07.2011 07:19

Dissemination of an Ad hoc announcement, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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VERBUND, Austria's leading utility and biggest shareholder of POWEO S.A.
sells its 46%-stake in French alternative electricity supplier POWEO S.A.
to competitor Direct Energie. The sales price of about EUR36m corresponds
approximately to the book value. The closing is set to take place before
November 2011 after approval of the anti-trust authorities.
This transaction concludes VERBUND's restructuring of its business
activities on the French electricity market.

After this transaction, VERBUND operates one gas power plant with 412 MW in
Pont-sur-Sambre/France and constructs the Toul gas power plant.





Contact:
Andreas Wollein
Head of Group Finance and Investor Relations
T.: +43 (0)5 03 13 - 52604
F.: +43 (0)5 03 13 - 52694
mailto:investor@verbund.com








27.07.2011 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases.
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Language:     English
Company:      VERBUND AG
              Am Hof 6A
              1010 Wien
              Austria
Phone:        0043-1-53113-52616
Fax:          0043-1-53113-52694
E-mail:       investor@verbund.com
Internet:     www.verbund.com
ISIN:         AT0000746409
WKN:          877738
Indices:      ATX
Listed:       Regulierter Markt in Frankfurt (General Standard);
              Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
              Stuttgart; Wien (Amtlicher Handel / Official Market)
 
End of Announcement                             DGAP News-Service
 
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