AUSTRIA: GERMANS EYEING ENERGIE AG

Article Abstract:

The German energy groups E.On and Ruhrgas expressed their interest in acquiring stakes in the Upper Austrian public power company Energie AG Oberosterreich. The two companies did not submit bids for the Austrian power company, as a decision by the Upper Austrian parliament forbids a sale of the company to producers of nuclear power. Ruhrgas is a competitor of Oberosterreichische Ferngas, in which Energie AG holds a 50% stake. Bids were submitted for Energie AG by Energie Allianz of EVN, Wiener Stadtwerke and ESG of Linz and by Verbund . The consultancy company Finadvice is to assist in the evaluation of the offers, which is to take place by 5 December 2000. However, both of the two bids are said to be insufficient for the Upper Austrian government.

Foreign operations, Gas Utilities, Natural Gas Distribution, Gas Production and Distribution, Ruhrgas AG, EON Corp.

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AUSTRIA: BIDDERS FOR UPPER AUSTRIAN ENERGIE AG

Article Abstract:

At least two bids have been submitted for the acquisition of a 25% stake in the Upper Austrian public power company Energie AG Oberosterreich. The Energie Allianz of EVN, Wiener Stadtwerke and ESG of Linz is said to be offering just over Sch 6bn, while the offer of Verbund is said to be just under Sch 6bn. Energie Allianz is also offering the Upper Austrian Energie AG 15% stakes in the sales, trading and information technology joint ventures E&S, E&T and E&I.

Verbundgesellschaft

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AUSTRIA: UPPER AUSTRIA TO JOIN ENERGIE ALLIANZ

Article Abstract:

Upper Austria's premier Josef Puhringer has announced that a 25% stake in the public power company Energie AG Oberosterreich is to be sold to EVN, Wiener Stadtwerke, Linz AG and Bewag. Energie AG will thus become member of the Energie Allianz of the four regional power companies. With about 3.6mn customers, Energie Allianz is the leading power company in the final client market in Austria. Verbund and Energie Steiermark (Estag) are the leader in the generation side, covering about half of the country's power consumption.

Joint ventures, Wiener Stadtwerke, Energie- Versorgung Niederosterreich AG, Berliner Kraft-und Licht AG

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