Karlsruhe. In connection with the envisaged capital increase of EVN AG (“EVN“), EnBW Energie Baden-Württemberg AG (“EnBW“) is considering a placement of existing EVN shares currently held by EnBW, as part of a combined offering. EnBW currently holds 35.72 % of the share capital of EVN. The contemplated combined offering would facilitate a coordinated approach in the marketing and placement of the new and of existing EVN shares to international institutional investors as well as Austrian retail investors. Subject to a positive market environment and the respective required corporate resolutions, such a combined offering could be completed within this year.
EnBW and EVN have mandated Deutsche Bank, Raiffeisen Centrobank and Société Générale Corporate & Investment Banking to assess the feasibility of such a combined offering.