Ad hoc announcement

EVN AG / Keyword(s): Joint Venture

EVN AG: EVN decides to acquire a 26% stake in VERBUND Innkraftwerke GmbH
together with Wien Energie

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Today the Supervisory Board of EVN AG approved the acquisition of 13% of
the shares in VERBUND Innkraftwerke GmbH, and a syndication of this stake
together with the 13% shareholding in VERBUND Innkraftwerke GmbH being
acquired by Wien Energie. Thus EVN AG and Wien Energie have achieved an
agreement in principle to acquire a combined 26% stake in VERBUND
Innkraftwerke GmbH.

For years EVN has been relying on a flexible power generation mix
consisting of hydro and thermal power as well as alternative energy,
focusing on sustainability and ensuring a reliable and secure energy
supply.
The stake acquired by EVN in the 13 power plants on the Inn River in
Austria will strengthen the company's power generation portfolio from
renewable energy sources.

The acquisition price for the share is based on the price originally paid
by the VERBUND Group for VERBUND Innkraftwerke GmbH plus an appropriate
return on investment. The parties to the transaction agreed not to disclose
any further details about the exact acquisition price.
In addition, EVN AG and Wien Energie GmbH will also be granted pro rata
electricity procurement rights at market prices for the energy generated by
these 13 power plants.

The formal signing is planned for the end of June 2011. The closing should
take place by August 2010, subject to the issuing of all required
competition law approvals.

Mag. Stefan Zach, MAS
EVN Platz
2344 Maria Enzersdorf
Tel.: 0043 2236 200-122 94
Fax: 0043 2236 200-822 94
Mobil: 0043 676 810 32 294
stefan.zach@evn.at
www.evn.at 




08.06.2011 DGAP’s Distribution Services include Regulatory Announcements, 
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Language:     English
Company:      EVN AG
              EVN Platz
              2344 Maria Enzersdorf
              Österreich
Phone:        +43-2236-200-12294
Fax:          +43-2236-200-82294
E-mail:       info@evn.at
Internet:     www.evn.at
ISIN:         AT0000741053
WKN:          074105
Indices:      ATX
Listed:        Wien (Amtlicher Handel / Official Market)
 
End of Announcement                             DGAP News-Service
 
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