DGAP-News 389 0 Kommentare VERBUND AG: Contracts for the sale of the French combined cycle gas power plants Pont-Sur-Sambre and Toul signed

DGAP-News: VERBUND AG / Key word(s): Contract/Disposal
VERBUND AG: Contracts for the sale of the French combined cycle gas
power plants Pont-Sur-Sambre and Toul signed

13.10.2014 / 17:19

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VERBUND, Austria's leading electricity company and KKR, a leading global
investment firm, have signed the contracts for the already announced sale
of the French combined cycle gas power plants Pont-Sur-Sambre and Toul
today.

"This sale is a significant milestone for VERBUND in the optimisation of
the thermal power plant portfolio. With this transaction we consistently
implement our strategy, namely the focus on profitable and environmentally
friendly hydropower generation and the stable core markets of Austria and
Germany. In addition, we improve our future earnings and strengthen our
position as a renewable electricity producer in Europe, "says CFO Peter F.
Kollmann to the successful sale.

After the finalisation of the transaction, there will be no negative
contributions to results in connection with both of the disposed French
combined cycle gas turbine power plants from financial year 2015.

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-relations@verbund.com

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13.10.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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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: Foreign Exchange(s) Wien (Amtlicher Handel / Official
Market)

End of News DGAP News-Service
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291083 13.10.2014