EnBW comfortable with stakes in peers, no need to sell -CFO

MVV Energie AG

10/11/2016 09:23

FRANKFURT, Nov 10 (Reuters) - EnBW  EBKG.DE  is currently 
comfortable with its stakes in peers MVV Energie  MVVGn.DE , EVN 
AG  EVNV.VI  and Stadtwerke Duesseldorf and sees no immediate 
need to sell, Chief Financial Officer Thomas Kusterer told 
journalists. 
    EnBW, which earlier on Thursday released nine-month results, 
in the past said it planned to sell the stakes. 
    Based on current market valuations, EnBW's 22.5 percent 
stake in MVV is worth about 300 million euros ($326.70 million), 
while its 32.2 percent stake in Austria's EVN is worth about 630 
million. 
    ($1 = 0.9183 euros) 
 
 (Reporting by Christoph Steitz; Editing by Maria Sheahan) 
 ((christoph.steitz@thomsonreuters.com; +49 69 7565 1269; 
Reuters Messaging: 
christoph.steitz.thomsonreuters.com@reuters.net)) 
 
Keywords: ENBW ENERGIE RESULTS/M&A