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November 27, 2015 4:09 PM ET

Electric Utilities

Company Overview of STEAG GmbH

Company Overview

STEAG GmbH plans, constructs, and operates power plants and distributed energy facilities using fossil fuels (hard coal, natural gas, and refinery by-products) and renewable energy sources (biomass, biogas, mine gas, geothermal energy, and wind). It offers products and services in the areas of electricity and fuel marketing, operation and maintenance management, district heating, energy, carbon dioxide and approval management, operation and energy management system, technical, and communication engineering aspects. The company provides its services to energy utilities, municipal enterprises, and industrial and commercial businesses; and customers ranging from private individuals to large con...

Rüttenscheider Straße 1-3

Essen,  45128


Founded in 1937


49 201 801 00


49 201 801 6388

Key Executives for STEAG GmbH

Chairman of The Management Board and Head of Business Development & Power Business Line
Age: 50
Human Resources Director, Labor Relations Director and Member of Management Board
Age: 58
Deputy Department Head Risk Controlling
Age: 39
Head of Generation
Head of Corporate Communications
Compensation as of Fiscal Year 2015.

STEAG GmbH Key Developments

Firms Interested In Acquiring EEW Energy

Several firms have reportedly expressed interest in acquiring EEW Energy from Waste GmbH from EQT Partners AB. Interested parties include China Everbright International Ltd. (SEHK:257), Beijing Enterprises Water Group Limited (SEHK:371), Beijing Capital Group Co., Ltd. and STEAG GmbH. The deal is expected to be worth between $1.6 billion to $2.13 billion.

STEAG Reportedly Considering Offer For Vattenfall's German Lignite Assets

STEAG GmbH is considering submitting an offer to acquire lignite coal assets in eastern Germany of Vattenfall AB, newspapers Handelsblatt and Westdeutsche Allgemeine Zeitung reported. Handelsblatt's reported that STEAG has teamed up with Macquarie Group Limited (ASX:MQG) and the parties are examining the option for a joint bid. On November 10, 2015, STEAG informed its municipal owners about its interest in the assets, sources close to the company told Handelsblatt. Westdeutsche Allgemeine Zeitung reported that politicians and local trade union IGBCE are pushing for "a German decision" for the assets, with the participation of STEAG.

STEAG Reportedly Not In Talks To Buy The Lignite Assets Of Vattenfall

STEAG GmbH was interested in the lignite assets of Vattenfall AB. STEAG is reportedly not in talks to acquire such assets.

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