dipity

Recent Event Highlights: OMV May Buy Verbund for $15.7 Billion to Create Austrian Energy Company, and 6 more...

Created by dipity on May 18, 2010

Last updated: 05/18/10 at 06:09 AM

• Heat is on for Verbund as price hike looms
  Apr 18, 2010 12:26 PM

  Excerpt ...Austrias largest energy provider, has come under fire over announcing plans to increase prices, Austrian Times said. The company announced it would increase the price for one kilowatt hour by 12.3% from 6.5 cent to 7.3 cent as of May 1 and overall prices,... Source Info New Europe News
  http://www.neurope.eu/articles/100280.php

• Verbund (WBAG:VER) to Release Q3 2009 Earnings October 27
  Oct 21, 2009 5:49 PM

  Excerpt ...page. Simply Best Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Verbund (Osterreichische Elektrizi AG), along with its subsidiaries, produces, trades and sells electrical energy to power exchange users,... Source Info TransWorldNews
  http://www.transworldnews.com/NewsStory.aspx?storyid=131974

• Hydro plant sale
  Jun 9, 2009 9:29 AM

  Excerpt ...is to sell 13 hydroelectric plants located on the Inn River in south-east Germany to Verbund, a Vienna-based power company. In addition to an undisclosed cash sum, E.ON will also receive rights to buy electricity over a 20-year period from Verbund's Zemm-Ziller... Source Info The Engineer Online
  http://www.theengineer.co.uk/Articles/Article.aspx?liArticleID=311679

• Further privatisation of Verbund being readied
  Jun 23, 2008 2:36 AM

  Excerpt ...that the Austrian electricity sector was in need of further consolidation and that Verbund is at the core of that. Verbund has recently scored a significant coup after attracting the services of Wolfgang Anzengruber to replace current CEO Michael Pistauer... Source Info New Europe News
  http://www.neurope.eu/view_news.php?id=87918

• Supply lags behind rising demand
  Nov 20, 2007 6:58 PM

  Excerpt ...of interest shown by international energy companies. The Sabanci Holding group recently announced a joint venture with Austria's Verbund and plans to invest more than $6bn in new power plant by 2015. Turcas, a petroleum distributor, announced joint ventures... Source Info Financial Times
  http://www.ft.com/cms/s/925e95a2-97d4-11dc-9e08-0000779fd2ac.html

• OMV pursues MOL
  Jun 25, 2007 1:19 PM

  Excerpt ...less than thrilled, insisting on its intention to set its own course. So, are OMV’s chances of success any better than with Verbund? The latter was scuppered by political objections and there is a good chance that the latest plan could meet the same fate.... Source Info Financial Times
  http://www.ft.com/cms/s/8b3f6f7e-2350-11dc-9e7e-000b5df10621,_i_rssPage=9575c976-454d-11da-981b-00000e2511c8.html

• OMV May Buy Verbund for $15.7 Billion to Create Austrian Energy Company
  May 9, 2006 3:05 AM

  Excerpt May 9 (Bloomberg) -- OMV AG, Austria's state-run oil company, may buy national utility Verbund as rising energy prices and demand lead European governments to build energy companies capable of competing in open markets. OMV, whose main Source Info Bloomberg.com
  http://www.bloomberg.com/apps/news?pid=10000087&sid=a8kssx8OS8mw&refer=top_world_news