VIENNA Dec 19 Austrian energy group Verbund
has hired Morgan Stanley to advise on the potential
sale of two gas-fired power plants in France, a source familiar
with the matter said on Thursday.
The source was confirming a report by Austrian newspaper
A company spokeswoman reiterated only that Verbund was
considering all options for its gas plants. "We are holding
talks in all directions ... including sales talks," she said.
Morgan Stanley declined to comment.
The company had said last week it needed more time to decide
the future of its struggling gas-fired power plants, which it
had hoped to resolve by the end of the year.
Verbund is battling a difficult environment for gas power
plants in Europe, where demand is low due to a weak economic
climate, while competing renewable energy sources are being
heavily subsidised in neighbouring Germany, the continent's
(Reporting by Georgina Prodhan in Vienna and Arno Schuetze in
Frankfurt; Writing by Michael Shields. Editing by Jane Merriman)