21.06.2020, 1754 Zeichen

Verbund: Austrian utility company Verbund has today decided to submit a binding offer to OMV for the acquisition of its 51% stake in Gas Connect Austria GmbH. The offer is subject to agreement between Verbund and OMV on the transaction contracts and the approval of the Supervisory Board. The offer is otherwise confidential. Based in Vienna, Gas Connect Austria is a natural gas transmission system and distribution system operator. The company has 280 employees working at a total of six locations in Vienna, Lower Austria and Upper Austria. Gas Connect Austria operates a modern and powerful high-pressure natural gas network centred on the Baumgarten hub, with connections to Germany, Hungary, Slovakia and Slovenia, as well as to storage and production facilities. The pipeline system is 900 kilometres long and comprises five compressor stations, 40 metering and transfer stations and more than 100 transfer metering points.
Verbund: weekly performance: 4.46%

Vienna Stock Exchange (Wiener Börse): As of 1 July 2020, Ludwig Niessen, Chief Technology and Operating Officer (CTO/COO) of Wiener Börse AG, will no longer be exercising his Management Board mandate on his own request. It is with great regret that the Supervisory Board today complied with his wish. Niessen, 63, will continue to have close ties with the stock exchange. He will further advise the company and continue to represent the stock exchange as a member of the Supervisory Board in its shareholdings. The Management Board of Wiener Börse AG will henceforth consist of Christoph Boschan, Chief Executive Officer, and Petr Koblic, Chief Financial Officer, who will assume his responsibilities.

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (15/06/2020)

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