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 transition takes place as soon as the regulatory approval is granted by the European Commission.

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