The report combines VERBUND's annual financial report and its sustainability report. The report highlights VERBUND's strong performance in financial year 2020 despite the COVID-19 crisis. VERBUND reported a market capitalisation in excess of €24 billion at the end of 2020, which makes it the most valuable company listed on the Vienna Stock Exchange. VERBUND's investments in 2020 focused on the expansion of renewable energy sources, including hydropower, wind and solar power. VERBUND also signed an agreement with OMV on the acquisition of a 51% stake in Gas Connect Austria GmbH, an Austrian gas transmission grid operator, on September 23, 2020, which is expected to close in the first half of 2021. The report also includes the Group's sustainability highlights, focusing on their commitment to climate action and social responsibility.
