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Sweden Clears Sale of Vattenfall’s German Lignite Plants to EPH

  • Vattenfall selling units to focus on renewable generation
  • State-controlled company needed government clearance for sale

Sweden approved the sale of Vattenfall AB’s German lignite plants and mines to Czech power producer Energeticky a Prumyslovy Holding AS and its financial partner PPF Investments Ltd. as the state-controlled Swedish utility seeks to divest its dirtiest power units.

“The divestment is strategically correct and the best financial alternative,” Swedish Enterprise Minister Mikael Damberg said Saturday at a press conference in Stockholm.