Releases - Vattenfall

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Vattenfall acquires Polish electricity company

12/20/2000 6:00 AM EST
Vattenfall is to buy the Polish electricity distribution company Górnoslaski Zaklad Elektro-energetyczny S.A. (GZE) from the Polish state.

GZE in southern Poland is the first electricity distribution company to be put up for sale by the Polish state. Vattenfall was given the sole right to negotiate a possible acquisition of the company in October. An agreement has now been signed under which Vattenfall...

Vattenfall welcomes HEW's acquisition of Veag and Laubag

12/13/2000 6:00 AM EST
Vattenfall welcomes the decision that its future subsidiary HEW in Hamburg is to be allowed to acquire the shares in the energy companies Veag and Laubag in eastern Germany that the leading German power groups RWE and Eon put up for sale some time ago.

"This decision is a major step forward in our strategy to establish the Vattenfall Group as a leading European energy company and one of the largest...

Vattenfall to introduce new organisation

12/8/2000 6:00 AM EST
On 1 January 2001, Vattenfall will introduce a new organisation and a new steering model. Management, organisation and control model will be adapted to the new conditions for our activities.

The new organisation will be decentralised with thirteen independent profit centres and a Group Management which will lead the company jointly. The present business areas will be replaced. The new profit centres shall...

Vattenfall's Nine Month Interim Report

11/21/2000 6:00 AM EST
Focus on expansion in Germany and Poland

Vattenfall now has its strategic focus on Germany and Poland. Prices on the electricity spot market are still low. The income has increased substantially as a result of the addition of sales in Poland. Results were also positively affected by the compensation for Barsebäck. That is shown in the company's Interim Report for the third quarter of the year.

Vattenfall sells power stations to Tekniska Verken

11/14/2000 6:00 AM EST
Vattenfall sells the seven hydropower stations in Motala ström. That is the contents in an agreement on principles between Vattenfall AB and Tekniska Verken i Linköping AB.

Tekniska Verken buys the power stations Motala, Borensberg, Malfors, and Nykvarn plus Vattenfall's 99-percent share in Ljusfors Kraft AB. That company owns the stations Älvås, Skärblacka and Fiskeby. All stations are situated in Motala...

Vattenfall in exclusive negotiations for Polish energy company

10/23/2000 6:00 AM EST
Vattenfall has been given the exclusive right to negotiate for the acquisition of the Polish energy company Górnoslaski Zaklad Elektroenergetyczny (GZE) in southern Poland.

GZE is the first electricity distribution company to be put up for sale by the owner, the Polish State. The deal involves taking over the majority of the shares in the company. Following a tendering process, the Polish State has...

Vattenfall becomes majority shareholder in HEW

10/19/2000 6:00 AM EST
Vattenfall will acquire the shares in Hamburgische Electri-citäts-Werke AG (HEW) formerly owned by Sydkraft AB, Malmö, and E.ON Energie AG, Munich, thereby becoming a majority shareholder. This is a major step towards achieving Vattenfall's objective of establishing a strong market position in Germany.

In a memorandum of understanding, the three companies involved have agreed that Sydkraft and e.on...

Vattenfall offers economic development programme for Silesia

10/16/2000 6:00 AM EST
Vattenfall is ready to start a programme of economic development for Silesia, called "Switch on to Silesia". Starting the activities of the programme will be possible when Vattenfall is chosen as the strategic investor in Górnoslaski Zaklad Energetyczny S.A. ("GZE").

The leading Scandinavian company's Polish client is prepared to make an investment soon in Silesia, which will create 400 new jobs. The...

Mikael Lundin from Birka joins Nordic Powerhouse

9/27/2000 6:00 AM EST
Mr. Mikael Lundin, former Head of Power Planning and Trading at Birka, joins Nordic Powerhouse. Nordic Powerhouse is the joint trading venture of Vattenfall and HEW with headquarter in Hamburg.

Mr. Lundin will join the company by mid November.


Issued by Vattenfall's Press Office,
telephone +46 8 739 50 10.

For further information, please contact:
Klas Liljegren, Head...

Vattenfall becomes partowner of Polish exchange

8/28/2000 6:00 AM EST
Vattenfall has bought one per cent of the shares in the Polish electricity exchange Gielda Energii SA.

The Polish electricity exchange Gielda Energii opened for trading on the spot market in the summer, and also intends to set up a financial market place. Vattenfall has accepted an offer from one of the owners to buy one per cent of the shares.

"Our intention is to increase Vattenfall's...

Vattenfall

Vattenfall’s vision is to be a leading European energy company. Vattenfall’s main products are electricity and heat. Today, Vattenfall generates electricity, produces heat and supplies energy to several million customers...

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