Vattenfall sells its Berlin heat business to the State of Berlin and grants option to buy GASAG shares
Vattenfall has finalised the strategic review of its Berlin heat business and has decided to sell the entire district heating business to the State of Berlin. An agreement was signed by both parties today. In addition, the State has been granted an option to purchase Vattenfall's shares in GASAG AG, independent of the sale of the heat business."When we announced the strategic review in May 2022, Vattenfall already emphasised that, in the event of a sale, we would only sell to an investor that would continue the Berlin energy transition and our German heat business in line with our