Current news
EGL shares declared invalid – Axpo now sole owner
February 27, 2012
The Axpo takeover of EGL is final: On 16 February, the Commercial Court of the Canton of Aargau declared the EGL shares (0.2%) still on the market as invalid.
Profit falls significantly– Axpo restructures to improve performance and is planning investments of more than CHF 20 billion to ensure security of supply
January 23, 2012
Axpo Group profits are down substantially for the 2010/11 financial year (as per 30.9.2011). Operating profit (EBIT) of CHF 139 million and consolidated net profit of CHF 45 million were significantly below the figures for the previous year of CHF 538 million and CHF 409 million respectively.
Axpo to forgo uranium from Mayak until the necessary transparency is established
November 12, 2011
Axpo has negotiated with its supplier Areva to enable the exclusion of uranium from the Mayak plant until the necessary transparency is established.
Axpo is adapting its strategy and Group structures to reduce costs and exploit its earnings potential
September 14, 2011
Axpo is responding to the changed European energy market environment and new regulatory and statutory framework conditions in Switzerland by revising its strategy and adapting its Group structures.
Successful conclusion of public offer for EGL shares
September 6, 2011
According to the final result upon the expiry of the supplementary offer deadline on 1 September, Axpo now controls 99.8% of the voting rights and share capital of EGL.
Public offer for EGL shares is a success
August 18, 2011
According to the definitive interim result as of the expiry of the offer deadline on 12 August, Axpo now controls 99.2% of the voting rights and share capital of EGL.
Improved results despite difficult environment - public offer for EGL shares
June 20, 2011
In order to prepare for the considerable challenges in energy markets, Axpo intends to acquire all outstanding shares of EGL.
Axpo customers use 4.3% more electricity – net profit down by 28%
January 25, 2011
Axpo Group profits are down substantially for the third consecutive year. Axpo reported a consolidated net profit of CHF 409 million (-28%) for the 2009/10 financial year even though customers used 4.3% more electricity.
Agreement reached on the planning and construction of replacement nuclear power stations
December 22, 2010
Axpo, Alpiq and BKW have agreed to join forces in further pursuing the planning and construction of two new nuclear power stations to replace nuclear power generating facilities in Switzerland which are nearing the end of their useful lives and compensate for long-term import agreements with France which are due to expire.
Beznau and Mühleberg: Safety authorities attest to suitability of sites
November 15, 2010
An important milestone has been reached in the framework permit application process for replacement nuclear power plants in Beznau and Mühleberg.