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October 08, 2015 4:12 PM ET

Electric Utilities

Company Overview of Vattenfall AB

Company Overview

Vattenfall AB (publ) engages in the production, distribution, and sale of electricity and heat in Sweden, Germany, the Netherlands, and internationally. It generates electricity primarily through biomass, coal, hydro, natural gas, nuclear, and wind sources. The company is also involved in the sale of gas and energy trading activities. It has approximately 6.2 million electricity customers, 4.3 million electricity network customers, and 1.9 million gas customers. The company was founded in 1909 and is headquartered in Solna, Sweden.

Evenemangsgatan 13C

Solna,  169 56


Founded in 1909

28,977 Employees


46 87 39 50 00


46 8 17 85 06

Key Executives for Vattenfall AB

Chief Executive Officer and President
Age: 56
Deputy Chief Executive Officer, Chief Financial Officer and Head of Staff Function Finance
Age: 56
Treasurer and Chief Executive Officer of Vattenfall Treasury AB
Head of Staff Function Legal & Chief Executive Officer Office, Senior Vice President, General Counsel and Secretary to the Board
Age: 58
Senior Executive Vice President of Business Area Heat and Mining & Generation
Age: 59
Compensation as of Fiscal Year 2015.

Vattenfall AB Key Developments

Greenpeace Mulls Bid For Lignite Operatons Of Vattenfall

Greenpeace emerged an unexpected bidder for the German lignite mining operations of Vattenfall AB. In a statement, Greenpeace said it had put in the bid to try to prevent the opening of new mines "and thus keep the lignite in the ground." "If the operation were sold to another buyer it would lead to the opening of five new lignite mines," Greenpeace said. Vattenfall said Greenpeace had filed a letter of interest with Citigroup, which has been mandated to oversee the sale, and it would take a close look at the bid. Two Czech firms have already expressed early interest for the Vattenfall operations.

Vattenfall Seeking To Sell Assets

Vattenfall AB is seeking to sell its German lignite assets. The sales process is expected to continue into 2016. Potential bidders are now invited to state their interest. All Vattenfall's lignite generation and mining assets in Germany will be included in the sale; power plants Boxberg, Janschwalde, Schwarze Pumpe and Lippendorf block R as well as corresponding mining activities.

CEZ Eyes Vattenfall Assets

CEZ, a.s. (SEP:CEZ) intends to acquire lignite power plants in Germany and hydropower assets of Vattenfall AB, if they become part of the sale process. Martin Novak chief financial officer of CEZ, said CEZ was still interested in acquisitions, but the competition would be difficult and therefore shareholders could get back more from the company.

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