“Difficult coal deal”
Swedish state owned utility Vattenfall’s sale of its German lignite coal operations is facing a new delay, writes Jürgen Flauger in the Handelsblatt. The necessary approval by the European Commission was pending and will probably not be ready before autumn, the company said. A critical question could be whether Vattenfall has supported the deal with Czech utility EPH by giving them illegal state aid, Flauger says. Vattenfall sold the lignite operations for a symbolic price and will pay the buyer a billion euro premium for the obligations of renaturalising former mines.