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OEZVY Verbund AG (PK)

16.37
-0.19 (-1.15%)
Last Updated: 14:52:05
Delayed by 15 minutes
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
  -0.19 -1.15% 16.37 15.28 17.46 16.37 16.37 16.37 103 14:52:05

Verbund Says in Talks About Its Interests in Turkey

12/10/2012 4:29pm

Dow Jones News


Verbund (PK) (USOTC:OEZVY)
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By Nicole Lundeen

VIENNA--Austrian utility Verbund AG (VER.VI) is in talks with various other companies about its holdings in Turkey, the company said Friday, as part of a evaluation of its shareholding portfolio.

The discussions cover a range of options, including disposing of its current shareholdings or developing them, or even acquiring new holdings, the company said in a news release, without explaining further details.

Verbund has a 50% stake in Turkish electricity producer Enerjisa, a joint venture between Verbund and Sabanci Holding (SAHOL.IS).

Verbund's announcement follows a report last month that it was in talks to sell a stake in Enerjisa to the German utility E.ON AG (EOAN.XE).

On Thursday, Verbund said it was selling its 49% stake in the energy service provider Energie Klagenfurt GmbH and last year it sold its 46% stake in the French alternative electricity supplier POWEO S.A. (ALPWO.FR) as part of its planned disinvestment program.

Write to Nicole Lundeen at nicole.lundeen@dowjones.com

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