Vattenfall sells holding in Finnish power utility

Vattenfall sells holding in Finnish power utility The Vattenfall Group subsidiary Lapuan Sähköntuotanto Oy is to sell its 10.6 per cent holding in the power utility Etelä-Pohjanmaan Voima Oy for FIM 106.7 million. The buyer is a consortium consisting of Helsingfors Energi, Kymppivoima Oy, Lahti Energia Oy, Perhonjoki Oy, TXU Nordic Energy Oy, Vanda Energi Ab and four of the company's present owners. The deal will be concluded on 1 September 2001, and represents part of the restructuring of Etelä-Pohjanmaan Voima's ownership structure. Issued by Vattenfall's Press Office For more information, please contact: Director of Generation Erik Mälkki, Vattenfall Oy, telephone: +358 (0)20 586 7444, +358 (0)40 5535 655 Managing Director Maija-Liisa Friman, Vattenfall Oy, telephone +358 (0)20 586 11. Vattenfall's vision is to be a leading European energy company. The Nordic region, Poland and Germany are its domestic markets. Today, Vattenfall generates power and supplies energy solutions to 2.2 million customers in the Nordic region and northern Europe. The largest electricity customers are industrial plants and energy companies. Vattenfall's main products are electricity, heat and natural gas, as well as network, consulting and maintenance services. Vattenfall's net sales in 2000 amounted to almost SEK 32 billion. Sales included 83 TWh electricity and 17 TWh heat. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/08/30/20040817BIT21650/wkr0001.pdf