Ad-hoc announcement: EVN decides to commence a structured bidder process for WTE

The Management Board of EVN AG (EVN) has just decided to commence a structured bidder process for WTE Wassertechnik GmbH (WTE), which represents EVN’s international project business as reported in its environmental segment. The structured bidder process is aimed at identifying investors who will fully acquire WTE and support its future development while EVN intends to continue to focus on its core business in the energy sector.

A transaction would, in particular, be subject to the approval of various business partners of WTE in connection with its infrastructure projects, an agreement with an investor on the commercial transaction parameters as well as on the transaction documents, the approval by the Management Board and the Supervisory Board of EVN and approvals by authorities.

Publication date: 18.09.2023; 09:26am CET