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.

References

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.