Vattenfall’s CEO Anna Borg appears on after the presentation of the gross sales report on the headquarters in Stockholm, Sweden April 29, 2021. Janerik Henriksson/TT Information Company/through REUTERS
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STOCKHOLM, Could 4 (Reuters) – Sweden’s Vattenfall (VATN.UL) has initiated a strategic evaluate over a potential divestment of its Berlin warmth enterprise, because it appears to part out remaining fossil fuels in its operations, the utility mentioned on Wednesday.
The state-owned firm mentioned there have been good arguments each to maintain and promote the enterprise, which provides scorching water and heating to about 1.3 million residential items.
“In each situations, Germany stays a key marketplace for Vattenfall,” Chief Government Anna Borg mentioned in an announcement, including the corporate would “proceed to play an vital function within the German vitality transition”.
Vattenfall mentioned that the top of its warmth enterprise space, Ulrika Jardfelt, would depart the corporate in reference to the evaluate, to be briefly changed by enterprise space Prospects & Options chief Martijn Hagens.
Vattenfall’s warmth enterprise in Berlin owns and operates 10 warmth and CHP (mixed warmth and energy) crops, 80 small-scale CHP amenities, and numerous different belongings. It employs roughly 1,700 folks.
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Reporting by Helena Soderpalm; enhancing by Niklas Pollard
Our Requirements: The Thomson Reuters Trust Principles.
