Swedish State Confirms Vattenfall’s Lignite Divestment

On April 18, 2016 Vattenfall submitted the proposal to sell its German lignite operations to Czech energy company EPH and its financial partner PPF Investments to its owner, the Swedish State. After having reviewed the proposal, the owner has now confirmed that it stands behind the divestment.

The deal is expected to be closed on August 31, 2016. It is subject to merger clearance by the European Commission.

Vattenfall discloses this information pursuant to the Swedish Securities Market Act.

From Vattenfall’s Press Office, telephone: +46 8 739 5010, press@vattenfall.com

Tags:

About Us

Vattenfall’s vision is to be a leading European energy company. Vattenfall’s main products are electricity and heat. Today, Vattenfall generates electricity, produces heat and supplies energy to several million customers in the Nordic countries and northern Europe. The major customers are industrial plants, energy companies, municipalities, property companies and housing associations. For further information, please see www.vattenfall.com. The media service section, including a picture archive and Vattenfall’s press releases, can be found under News & Comments.

Subscribe

Documents & Links