EPH and PPF Investments complete purchase of Vattenfall’s lignite assets in Germany

With a staff of more than 8,000, the newly-formed company will be the second largest coal mining corporation in Germany. The price of the transaction has not been made public. The corporation will have its seat in Cottbus, Brandenburg, and will leave its management unchanged. It will operate the Jänschwalde, Welzow-South, Nochten and Reichwalde mines and the Jänschwalde, Schwarze Pumpe, Boxberg and Lippendorf power stations. Considering the adverse market conditions, the EPH-PPFI consortium undertook to waive dividends in the years to come. (



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