Verbund open to acquisitions in Germany (translated)
Verbund [VER:AV], a state-controlled Austrian energy group, is open to the idea of growing via acquisitions in Germany, Euro am Sonntag reported. The German magazine quoted Wolfgang Anzengruber, the chief executive of Verbund. Anzengruber gave an interview in the context of the German government plan’s to restrict electricity trading with Austria from 2018 onwards.
When asked if the so-called “electricity border” could lead to Verbund seeking acquisitive growth in Germany, Anzengruber answered that he cannot rule out such buys and that Verbund would look at suitable targets in terms of electricity producers and municipal utilities.
Verbund has a market cap of EUR 4.806bn