6.33% stake in "Verbund" to be offered to institutional investors.
Karlsruhe. As part of the ongoing strategic reorientation programme that began in 2003, EnBW Energie Baden-Württemberg AG ("EnBW") has decided to place its entire 6.33% holding in Österreichische Elektrizitätswirtschafts-AG (also known as "Verbund") with institutional investors in the near future. In view of the favourable capital market environment, EnBW intends to offer the shares in an accelerated bookbuilding process. In view of the positive development of the Verbund share, EnBW expects the sale to generate a significant profit.
Stabilisation FSA and German Law This announcement does not constitute an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933 (the "Securities Act") or an exemption from registration. The securities proposed to be placed will not be registered under the Securities Act.
NOT FOR DISTRIBUTION IN THE UNITED STATES; CANADA OR JAPAN