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July 27, 2015 11:35 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. The company generates electricity primarily through biomass, coal, hydro, natural gas, nuclear, and wind sources. It is also involved in the sale of gas and energy trading activities. The company was founded in 1909 and is headquartered in Solna, Sweden.

Evenemangsgatan 13C

Solna,  169 56

Sweden

Founded in 1909

28,977 Employees

Phone:

46 87 39 50 00

Fax:

46 8 17 85 06

Key Executives for Vattenfall AB

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

Vattenfall AB Key Developments

Vattenfall Plans to Cuts Jobs in Germany

Vattenfall AB announced that it plans to cuts jobs in Germany, where it owns five coal mines and three power plants.

Vattenfall Reports Earnings Results for the Second Quarter of 2015

Vattenfall reported earnings results for the second quarter of 2015. For the quarter, the company reported net losses of SEK 28.8 billion as low electricity prices across Europe hampered profitability. Turnover dropped to SEK 36.1 billion over the same period.

Vattenfall Seeks To Sell Coal Plant

Vattenfall AB is looking to sell its German brown coal plant in Hamburg.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 24, 2015
Vattenfall AB, Nordjylland CHP-Plant
Merger/Acquisition
February 26, 2015
East Anglia One Limited
Merger/Acquisition
December 19, 2014
Vattenfall AB., Fyn Power Station Including a Waste Incineration Plant
 

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