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Article: EVN maps out its global energy vision.
- Article from:
- Financial News
- Article date:
- July 13, 2003
CopyrightCOPYRIGHT 2003 Financial News Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Alice Hohler
EVN, an Austrian energy company, supplies electricity, gas, heat, water and, according to its annual report, joie de vivre. But this may depend on who it is supplying, and with what.The inhabitants of Lower Austria, where EVN is a universal supplier, may be full of joy thanks to its reliable service and low costs. But the investment community may feel differently about a company that is increasingly embroiled in complex alliances and cross-shareholdings in its domestic market.
Last week it expanded by buying WTE Wassertechnik, a German water company, for [euro]90m ($102m). But its international ambitions sit uneasily alongside its ...