Vattenfall not in talks over Europe unit sale
Reuters said Swedish loss-making power company Vattenfall dismissed speculation that it was in talks to sell its struggling European assets after huge writedowns pushed it into a full year loss and stopped it paying a dividend to its owner, the Swedish state, for the first time.
“We have stated earlier that this is a decision for the owner and we have no processes ongoing to look for investors at the moment,” CEO Oystein Loseth said on a conference call after the company released fourth-quarter results.
Vattenfall is splitting into two parts – a Nordic unit and a British-European one – and is considering selling its continental Europe and UK operations, sources have told Reuters.
Last Updated (Wednesday, 05 February 2014 06:03)
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