Change in governance – How the state of Lower Austria puts EVN on a short leash

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The high energy prices stimulate the blue-yellow state politics. The country therefore wants to strengthen its direct influence on energy giant EVN and link the project to agreements. According to information from “Krone”, a high-ranking ÖVP politician and a Raiffeisen manager should step into the supervisory board and take the reins more firmly there.

It’s been clear for weeks. The relationship between the EVN board and the state of Lower Austria, as the majority shareholder of the state energy supplier, has been scratched. In the government district of St. Pölten, it is an open secret that the termination of 300,000 customers and persistently high electricity prices have been the last straw for Governor Johanna Mikl-Leitner. Now EVN is concerned that the country wants to exert more influence on the energy company. As the “Krone” learned from business circles, apparently rightly so.

Source: Krone

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