EVN AG Halts Sale Process for WTE, Considers New Strategic Directions

EVN AG has officially ended the structured sale process for its subsidiary WTE Wassertechnik GmbH, after all interested parties either pulled out or were disqualified by EVN. The decision marks a pivot in the company's strategy concerning the sale of WTE, a key player in the water technology sector. This move comes after a thorough evaluation of the interest shown by potential investors, which did not culminate in a satisfactory agreement for EVN. Consequently, the company is now looking into other strategic avenues to bolster EVN Group's primary focus in the energy sector.

With the full sale of WTE off the table for now, EVN is considering various strategic options. These options are focused on enhancing the core strengths of the EVN Group. The reassessment aligns with feedback received from investors and aims to fortify the company's position in the evolving energy landscape. Despite the setback in the sale process, EVN remains committed to its strategic goals, and this development could open new pathways for growth and optimization within the group.