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December 01, 2015 1:41 AM 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

28,744 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

CEZ Mulls Acquisition Of Lignite Business Of Vattenfall

CEZ, a.s. (SEP:CEZ) expects to make a decision on the matter of acquiring lignite business of Vattenfall AB by December 21,2015. Vattenfall first invited potential bidders to indicate their interest on September 22, 2015.

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.

Greenpeace Not To Reconcile Itself To Exclusion From Tender

Greenpeace Nordic is to be excluded from Vattenfall AB. The decision to exclude Greenpeace from the tender for purchase of brown coal mines in eastern Germany from Vattenfall is not surprising but Greenpeace will not reconcile itself to this, Jan Rovensky of the Czech branch of Greenpeace said on November 2, 2015. "I think Vattenfall would prefer donating its mines and power plants to a hybrid of the devil and Medusa to allowing Greenpeace to close them," Jan Rovensky said. Greenpeace had intended to close the mines if it won the tender. Now it has turned to the Swedish government to intervene in the tender. Potential buyers of Vattenfall's mines in Germany include Czech state-run energy utility CEZ, a.s. (SEP:CEZ)and Energeticky a Prumyslovy Holding.

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