Vattenfall considering major sale in Germany

The Swedish utility could fetch roughly EUR 3bn from selling its CHP plant in Berlin, and such a deal is under consideration, reports media.
Photo: Vattenfall
Photo: Vattenfall

In May, Sweden’s Vattenfall announced that it was contemplating a sale of the power company’s district heating business in Berlin – a process still in the works, reports media Dagens Industri after interviewing the utility’s chief executive, Anna Borg, adding that selling the asset will probably be easy.

”We are still in a strategic process evaluating whether we should divest the district heating business in Berlin. That process is not yet concluded,” Borg tells the media:

”We note great interest. It’s a fine business that Berlin will need henceforth, and which carries many opportunities.”

Citing German newspaper Handelsblatt, Dagens Industri writes that Vattenfall’s heating operation in the German capital could be divested for EUR 3bn.

The power company’s heating business in Berlin supplies 1.3 million households with water and heat.

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