AUSTRIA: BIDDERS FOR GRAZ UTILITIES

Article Abstract:

The municipality of Graz is inviting tenders for the privatisation of its electricity, gas and district heating utilities. Potential buyers for the Stadtwerke should express their interest by 7 September 2001. Beside Energie Steiermark (Estag) and TXU of the US, which have already announced bids, E.On and RWE of Germany and Electricite de France are expected to be interested. If the entire stock of the utilities was sold, the local authority would gain at least Sch 6.5bn. The money is to be spent on compensating the loss of the local transport company and on infrastructure investments.

Steam and air-conditioning supply, Steam Supply, TXU

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AUSTRIA: ESTAG EYEING EAG

Article Abstract:

Energie Steiermark Holding AG (Estag) has indicated that it is interested in taking a stake in Energie AG Oberosterreich (EAG). The Upper Austrian state is to sell a 25% stake in public power company. The alliance of the two regional power companies could be of interest also in the gas sector, where they are represented through the subsidiaries Oberosterreichische Ferngas-AG and Steirische Ferngas-AG . However, Upper Austria does not want a nuclear power producer as a shareholder of EAG. Electricite de France (EdF) holds a 25.01% stake in Estag.

Steirische Ferngas-GmbH

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Similar abstracts:

• Abstracts: AUSTRIA: GERMANS EYEING ENERGIE AG. AUSTRIA: UPPER AUSTRIA TO JOIN ENERGIE ALLIANZ. AUSTRIA: BIDDERS FOR UPPER AUSTRIAN ENERGIE AG
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