Vattenfall sells its minority stake in German municipal company Städtische Werke AG

12/20/2010 7:29 AM EST

Vattenfall has sold its 24.9% minority stake in German municipal company Städtische Werke AG, Kassel, to Munich-based Thüga AG.

Upon request by the buyer Vattenfall has agreed not to disclose the purchase price. The closing date of the transaction was December 15.

The sale is part of Vattenfall's group-wide strategy to divest non-core assets.

Vattenfall discloses the information provided herein pursuant to the Swedish Securities Market Act.

For further information, please contact:
Caroline Rylander,press manager, +46 73 079 99 54


From Vattenfall's Press Office, telephone: +46 8 739 50 10,  .