Vattenfall announces next step in lignite sale process

Potential bidders are now invited to state their interest in Vattenfall’s German lignite assets – a key step in the sales process and Vattenfall’s energy portfolio strategy shift.

The intention to divest Vattenfall’s German mining and generations assets has previously been announced as part of Vattenfall’s strategy to transform its production portfolio.

All Vattenfall’s lignite generation and mining assets in Germany will be included in the sale; power plants Boxberg, Jänschwalde, Schwarze Pumpe and Lippendorf block R as well as corresponding mining activities (Jänschwalde, Nochten, Reichwalde, Welzow-Süd and Cottbus Nord). 

Bidders will also be given the opportunity to bid for a portfolio of hydro assets geographically located mainly in the regions adjacent to the lignite area, comprising ten hydro plants but only in conjunction with the German lignite assets. The hydro assets will not be sold separately.

The sales process is expected to continue into 2016. 

Vattenfall remains fully committed to its other business operations in Germany, such as district heating, electricity distribution, sales, trading and wind.

The invitation to submit interest is published in Financial Times edition on 22 September. Further information is available on corporate.vattenfall.com.

Citigroup and ING have been appointed financial advisors in the transaction, with Citigroup being the lead advisor.

From Vattenfall’s Press Office, telephone: +46 8 739 50 10. press@vattenfall.com

See also

Anna Borg, Vattenfall’s President and CEO

Full-year report: Strategic divestments strengthen Vattenfall's preparedness for the future

Electricity prices dropped significantly during 2023, which had a major impact on Vattenfall's earnings. Through strategic divestments of the heating operations in Berlin and our wind power ...

Read the full article
Anna Borg, Vattenfall’s President and CEO

Third quarter 2023: Low electricity prices have a major impact on earnings

Lower electricity prices had a negative impact on earnings during the first nine months of the year. The heat and customer operations contributed positively and we continue to see good profi...

Read the full article
Anna Borg, Vattenfall's President and CEO

First six months 2023: A positive development for the customer business and challenges in offshore wind power

Vattenfall’s business is in general progressing well. We benefit from our integrated business model with better results from Distribution, Heat and Customers & Solutions.

Read the full article