Announced
Financials
Tags
Public
gas supply
electricity transportation
waste management
Acquisition
Single Bidder
Friendly
Austria
water treatment
Minority
Pending
Multi-Utilities
Domestic
Synopsis
Wiener Stadtwerke, a municipal infrastructure services provider, agreed to acquire a 28.35% stake in EVN, an Austrian-based producer and transporter of electricity, from EnBW, an electric utility company, for $895m. "We have taken the opportunity to exit our indirect stake in EVN on financially attractive terms. The sale is also in line with the divestment targets under our 2020 Strategy and related portfolio transformation," Thoms Kusterer, EnBW CFO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.