DGAP-News: VERBUND AG: Statement regarding current reports concerning VERBUND's interest in Turkey
(firmenpresse) - DGAP-News: VERBUND AG / Key word(s): Statement
VERBUND AG: Statement regarding current reports concerning VERBUND's
interest in Turkey
12.10.2012 / 12:00
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VERBUND, Austria's leading electricity company and one of the leading
producers of electricity from hydropower in Europe, has in the past years
established a diversified portfolio of shareholdings in Austria and abroad
and has been evaluating measures to improve this portfolio on an on-going
basis. In the framework of such improvement measures VERBUND is in
discussion with an open outcome with other market participants, amongst
others, in relation to VERBUND's interest in Turkey. Subject matter of such
discussions is the assessment of several options which range from a
disposal of a shareholding to an acquisition of further shareholdings or
the further development of an existing shareholding. An assessment of these
options will be made according to strategic and economic criteria. As in
past instances VERBUND will inform the public accordingly should an option
become more specific.
VERBUND pursues the strategy to strengthen its position as one of the
leading producers of electricity from hydropower in Europe. The production
portfolio is supplemented by wind power and existing thermal plants.
Minority shareholdings are tested in relation to their strategic fit. Most
important markets are Austria and Germany, with the countries situated
between Austria and Turkey offering growth opportunities.
Adjustments of the shareholding portfolio which have already occurred are
the exit from the retail business in France and the disposal of minority
interests in non-strategic shareholdings, such as the Gletscherbahnen
Kaprun and the local service provider Energie Klagenfurt.
End of Corporate News
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12.10.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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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(at)verbund.com
Internet: www.verbund.com
ISIN: AT0000746409
WKN: 877738
Indices: ATX
Listed: Foreign Exchange(s) Wien (Amtlicher Handel / Official
Market)
End of News DGAP News-Service
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188601 12.10.2012
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Datum: 12.10.2012 - 12:00 Uhr
Sprache: Deutsch
News-ID 191923
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