Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Wiener Boerse  >  Verbund    VER   AT0000746409

VERBUND

(VER)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

VERBUND AG: Binding offer for the acquisition of a 51% stake in Gas Connect Austria GmbH accepted

09/23/2020 | 02:00am EST

DGAP-Ad-hoc: VERBUND AG / Key word(s): Mergers & Acquisitions
VERBUND AG: Binding offer for the acquisition of a 51% stake in Gas Connect Austria GmbH accepted

23-Sep-2020 / 08:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


On 12 March 2020, VERBUND AG ("VERBUND") issued insider information announcing that VERBUND was examining the financial and strategic aspects of a possible acquisition of OMV's 51% stake in Gas Connect Austria GmbH. On 15 June 2020, VERBUND issued insider information disclosing that, after examining the proposal, the Executive Board of VERBUND decided to submit a binding offer to OMV for the acquisition of its 51% stake in Gas Connect Austria GmbH.

The Executive Board of VERBUND has now announced that OMV and VERBUND have reached agreement on the transaction contract and OMV has accepted VERBUND's offer to acquire a 51% stake in Gas Connect Austria GmbH. The Supervisory Boards of OMV and VERBUND have approved the transaction. The contract will be signed later on today.

The agreed purchase price for OMV's 51% stake in Gas Connect Austria GmbH amounts to ?271m. VERBUND will also assume Gas Connect Austria GmbH's outstanding liabilities to OMV as at the time of closing in 2021. As of 31 December 2019, the liabilities amounted to ?165.9m. The purchase price implies an enterprise value for Gas Connect Austria GmbH (for 100% of the debt-free company) of ?980m.

VERBUND does not expect the transaction to have any effects on its full-year 2020 guidance because the closing will not take place until 2021, depending on the length of time required to issue the necessary official permits and approvals.

Contact:
Andreas Wollein
Head of Group Finance, M&A and Investor Relations
T.: +43 (0)5 03 13 - 52604
F.: +43 (0)5 03 13 - 52694
mailto:investor-relations@verbund.com
 


23-Sep-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: VERBUND AG
Am Hof 6A
1010 Wien
Austria
Phone: 0043-1-53113-52604
Fax: 0043-1-53113-52694
E-mail: investor-relations@verbund.com
Internet: www.verbund.com
ISIN: AT0000746409
WKN: 877738
Indices: ATX
Listed: Foreign Exchange(s) Vienna Stock Exchange (Official Market)
EQS News ID: 1135389

 
End of Announcement DGAP News Service

1135389  23-Sep-2020 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1135389&application_name=news&site_id=zonebourse_sftp

© EQS 2020
All news about VERBUND
2020VERBUND : S&P Holds A Rating For Verbund; Outlook Remains Stable
MT
2020VERBUND AG : Standard & Poor's A/stable outlook rating confirmed
EQ
2020PRESS RELEASE : VERBUND AG: Standard & Poor's A/stable outlook rating confirmed
DJ
2020TECO 2030 : partner in breakthrough hydrogen project
AQ
2020TECO 2030 : partner in breakthrough hydrogen project
AQ
2020VERBUND : Investoren-Präsentation pdf 1,2 MB
PU
2020VERBUND : Raises 2020 View After 9-Month Profit Rise
DJ
2020VERBUND AG : Release of a Financial report
EQ
2020VERBUND : Investor Presentation Quarters 1-3/2020
PU
2020VERBUND : Interim report quarters 1-3/2020
PU
More news
Financials
Sales 2020 3 844 M 4 640 M 4 640 M
Net income 2020 605 M 730 M 730 M
Net Debt 2020 1 873 M 2 260 M 2 260 M
P/E ratio 2020 43,1x
Yield 2020 1,00%
Capitalization 25 987 M 31 419 M 31 369 M
EV / Sales 2020 7,25x
EV / Sales 2021 7,09x
Nbr of Employees 2 858
Free-Float 34,3%
Chart VERBUND
Duration : Period :
Verbund Technical Analysis Chart | VER | AT0000746409 | MarketScreener
Technical analysis trends VERBUND
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 13
Average target price 46,72 €
Last Close Price 74,80 €
Spread / Highest target -9,09%
Spread / Average Target -37,5%
Spread / Lowest Target -53,9%
EPS Revisions
Managers and Directors
NameTitle
Michael Strugl Chairman & Chief Executive Officer
Thomas Schmid Chairman-Supervisory Board
Peter F. Kollmann Chief Financial Officer
Kurt Christof Member-Supervisory Board
Jürgen Roth Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
VERBUND7.09%31 419
NEXTERA ENERGY6.34%160 722
ENEL S.P.A.7.04%108 859
IBERDROLA, S.A.1.84%88 262
ORSTED A/S-5.79%80 035
DUKE ENERGY CORPORATION0.60%67 789