We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Name | Symbol | Market | Type |
|---|---|---|---|
| Verbund AG (PK) | USOTC:OEZVY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 15.80 | 14.70 | 18.20 | 0.00 | 21:18:55 |
From May 2019 to May 2024
By Giulia Petroni
Verbund AG said Wednesday that its binding offer for the acquisition of OMV AG's 51% stake in Gas Connect Austria GmbH has been accepted and the contract will be signed later in the day.
The Austrian electricity provider said the agreed purchase price is 271 million euros ($318 million) and the price implies an enterprise value of EUR980 million.
Verbund also said it would take Gas Connect Austria's outstanding liabilities to OMV, which as of Dec. 31, 2019 amounted to EUR165.9 million, at the time of closing.
The company doesn't expect the transaction to have any effect on its full-year guidance, as closing isn't scheduled to take place until 2021, depending on the approvals and timing of the required permits.
OMV said the transaction is expected to reduce its debt by more than EUR570 million, with a positive impact on gearing.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
September 23, 2020 02:41 ET (06:41 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year Verbund (PK) Chart |
1 Month Verbund (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
