Axpo Holding

Axpo Holding AG
Aktiengesellschaft
(Company limited by shares)
Industry Energy
Founded 2001
Headquarters Baden, Switzerland
Area served
 Europe
Revenue CHF 6.67 bn (2013/14)[1]
Number of employees
 4000[2]
Parent Swiss cantons
Website www.axpo.com

Axpo Holding AG is an energy utility with its operational headquarters in Baden, Switzerland (Canton Aargau, Switzerland), with 2013/14 revenue of around CHF 6.67 billion;[1] it is one of the largest Swiss companies by revenue. Axpo is owned by "the cantons of North Eastern Switzerland and their cantonal utility companies", with Zurich and its utilities holding a stake of around 36%.[3]

In 2002 Axpo acquired energy trader EGL AG (formerly Elektrizitätsgesellschaft Laufenburg AG); in 2012 it raised its 91% stake to 100% and merged EGL into Axpo.[4]

In September 2013 Axpo Trading moved its headquarters from Laufenburg to Dietikon.[5] In October 2013 it was reported that Axpo and its Aargau canton shareholder were continuing to support the Trans Adriatic Pipeline,[6] in which Axpo holds 5% of shares.[7]

Axpo invested CHF 2bn in a pumped storage facility in Linthal.[8] Axpo operates the Beznau Nuclear Power Plant and has a quarter share in the Gösgen Nuclear Power Plant.

Axpo Solutions is a new entity by Axpo Holdings, founded at the beginning of September 2017 is intended to attract investors on the stock exchange.[9]

References

  1. 1 2 Axpo Holding AG Financial Report 2013–14, p.6
  2. ↑ http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapid=5741935
  3. ↑ Axpo Holding, Shareholders Archived September 15, 2013, at the Wayback Machine.
  4. ↑ lngworldnews.com, Switzerland: EGL Becomes Axpo, 1 October 2012
  5. ↑ Aargauer Zeitung, http://www.aargauerzeitung.ch/aargau/fricktal/axpo-trading-ag-verlaesst-laufenburg-und-ist-zurueck-in-der-arbeitsgruppe-127219281
  6. ↑ http://www.srf.ch/news/regional/aargau-solothurn/aargauer-regierung-steht-hinter-erdgas-projekt-der-axpo
  7. ↑ http://www.axpo.com/axpo/uk/en/media/medienmitteilungen/2013/juli/Axpo-gewinnt-internationale-Partner-fuer-TAP-und-reduziert-ihren-Anteil-auf-fuenf-Prozent.html%5Bpermanent+dead+link%5D
  8. ↑ http://www.nzz.ch/aktuell/schweiz/bedrohter-pumpspeicher-gigant-1.18157337
  9. ↑ "Axpo erwartet positives Jahresergebnis und sieht Börse als Möglichkeit". www.shn.ch (in German). Retrieved 2017-09-21.
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