News Digest Item
12 Dec 2018

"Sweden Clears Sale of Vattenfall’s German Lignite Plants to EPH"


The Swedish government approved the sale of Vattenfall’s German lignite plants and mines to Czech utility EPH, writes Bloomberg. “The divestment is strategically correct and the best financial alternative,” Swedish enterprise minister Mikael Damberg said. Vattenfall aims to focus on renewables and “divest its dirtiest power units”, writes Bloomberg. In April, the energy giant had agreed to sell all its German lignite assets, liabilities and provisions including the cost of decommissioning and land re-cultivation to Prague-based EPH. The sale needs to be cleared by the EU Commission and is expected to be closed at the end of August.

Read the article in English here.

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