Verbund Seeks to Dump Power Assets Eyed by Russia’s Gazprom
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Verbund AG, Austria’s biggest utility, is weighing bids from natural-gas suppliers and private equity firms for its unprofitable European power plants.
Austrian and French gas-fired plants with a combined capacity of about 1,600 megawatts may be bundled or sold separately, Verbund Chief Executive Officer Wolfgang Anzengruber said yesterday in an interview at a Vienna hydropower station. Russia’s OAO Gazprom, the world’s biggest gas producer, said it’s interested in Verbund’s assets.