Skip to content
Subscriber Only

Vattenfall Sells Part of Hamburg Energy Networks to City

Vattenfall AB said it will cooperate with Hamburg on power distribution and district heating by selling part of the utility’s grids to the northern German city for 463.1 million euros ($618 million).

Hamburg plans to acquire 25.1 percent of the company’s district heating and power grids in the city, which together are valued at about 1.9 billion euros, Stockholm-based Vattenfall said today in a statement.