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,...
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New Europe News
http://www.neurope.eu/articles/100280.php
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,...
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TransWorldNews
http://www.transworldnews.com/NewsStory.aspx?storyid=131974
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...
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The Engineer Online
http://www.theengineer.co.uk/Articles/Article.aspx?liArticleID=311679
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...
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New Europe News
http://www.neurope.eu/view_news.php?id=87918
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...
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Financial Times
http://www.ft.com/cms/s/925e95a2-97d4-11dc-9e08-0000779fd2ac.html
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
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Bloomberg.com
http://www.bloomberg.com/apps/news?pid=10000087&sid=a8kssx8OS8mw&refer=top_world_news