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February 10, 2016 12:47 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

Germany

Founded in 1937

Phone:

49 201 801 00

Fax:

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

Bidders Reportedly Shortlisted In Sale Of Energy From Waste

Bidders have reportedly been shortlisted in an auction of Energy from Waste GmbH. Three bidders have been shortlisted in an auction of Energy from Waste (EEW), in a deal potentially worth more than €1.7 billion ($1.8 billion), two people familiar with the matter said. Beijing Enterprises Holdings Ltd. (SEHK:392), Fortum Oyj (HLSE:FUM1V) and a consortium comprising infrastructure investor Macquarie Group Limited (ASX:MQG) and STEAG GmbH have been asked to hand in final bids for Energy from Waste (EEW) by late January, the people added. Other interested parties such as China Everbright International Ltd. (SEHK:257) and Beijing Capital Group Co., Ltd. are currently out of the process as their offers came in below the cut-off price of €1.7 billion, one of the sources said. EEW's owner EQT Partners AB as well as the bidders declined to comment, except for Beijing Enterprises and Beijing Capital which were not immediately available for comment.

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.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 11, 2015
Repower AG, Project of Power Plant in Leverkusen
 

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