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Verbund Withdraws from Bulgaria

Published: October 30, 2014; 18:00 · (FriedlNews)

Verbund withdraws from Bulgaria by selling its 16 MW wind farm on the Bulgarian Black Sea coast to Inwind Sp Ltd, a project company of Bulgarian Inovent Holding AD. The transaction is scheduled to close by the end of 2014. Both companies agreed on not disclosing any financial details of the transaction.

Verbund Withdraws from Bulgaria / Picture: © Flickr

Verbund and the Bulgarian investor Inovent Holding AD today announced the sale of the wind farm on the Bulgarian Black Sea coast with an installed capacity of 16 MW.

The transaction is scheduled to close by the end of 2014.

Both companies agreed on not disclosing any financial details of the transaction.

With this step Verbund follows its strategic path of focusing on its core markets Austria and Germany.