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BKW Energie AG

BKW sells its sales company in Germany
Readjustment of BKW activities in Germany

Bern (ots)

BKW FMB Energy Ltd (BKW) is focusing its activities
in Germany on expanding production and on trading, and has sold its 
sales company to Luxembourg-based power supplier Enovos Luxembourg 
S.A.
The shares will be transferred with effect from 1 January 2011. The 
transaction is subject to final approval by Germany's Federal Cartel 
Office. The parties have agreed not disclose the purchase price.
In future, BKW will be concentrating its business activities in 
Germany on electricity production and electricity trading. The aim is
to further reinforce BKW's position as a leading Swiss producer of 
wind power over the next few years, and to build up a international 
wind power portfolio of around 750 MW, of which close to 50% will be 
in Germany. In addition, the coal-fired power plant in Wilhelmshaven,
in which BKW has a 33% stake (corresponding to 240 MW), will go into 
operation mid-2012.
The new owner of the sales company in Germany will be Enovos 
Luxembourg S.A. Enovos' strategic intention is to expand its hitherto
regional sales business and offer German customers electricity as 
well as gas. The acquisition will boost Enovos' presence in this 
market. Accordingly, Enevos intends to take over the existing 
management team and keep on BKW employees at the current location.
About BKW
With sales of CHF 3,592 million in 2009, BKW FMB Energy Ltd (BKW) is 
one of Switzerland's leading energy providers. It employs around 
2,800 staff and supplies power to more than one million people in 
German- and French-speaking Switzerland, either directly or 
indirectly via its distribution partners, In Switzerland BKW's power 
production portfolio consists of  hydro power, nuclear power and  new
renewable energy facilities (wind and sun), supplemented by plants in
Germany and Italy. Asset management is carried out by trading 
operations across Europe.
Since 2001, BKW has operated a sales company in Germany. BKW Energie 
GmbH (a wholly-owned BKW subsidiary) delivers electricity to 
industrial customers and resellers. In 2009 the company sold around 
3.7 TWh of electricity. It has a workforce of close to 30.
Further information: www.bkw-fmb.ch
About Enovos
Enovos Luxembourg S.A. is a fully-owned subsidiary of Enovos 
International S.A.
Enovos International S.A. is a new energy supplier headquartered in 
Luxembourg. The Group was created from the merger of three large 
regional companies: Cegedel, Soteg and Saar Ferngas. Enovos 
International S.A. is the operational holding company responsible for
the power generation and distribution company Enovos Luxembourg S.A. 
as well as the grid company Creos Luxembourg S.A, each of which have 
a subsidiary in Germany.
Around 800 employees deliver electricity and gas to roughly 180,000 
customers over 7,500 kilometers of electricity lines and 3,000 
kilometers of gas pipelines. Over and above its core business, the 
company is pursing significant expansion in the field of renewable 
energies. The group, consisting of five companies, posts annual 
revenues of EUR 1.5 billion.
The Grand Duchy of Luxembourg and the state investment company 
S.N.C.I. have a 28.3% and 10.8% share of the capital respectively. 
ArcelorMittal holds a 25.3% stake, RWE 19.8%, E.ON 10.8% and 
Electrabel 5.1%. Further information: www.enovos.eu

Contact:

Antonio Sommavilla
031/3305107
antonio.sommavilla@bkw-fmb.ch

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