Vattenfall takes SEK 30 billion in impairment charges

Of that, SEK 21 billion is attributable to the company’s German lignite assets it is selling to the Czech EPH holding and its financial partner PPF Investments. Vattenfal said in a press release that the transaction is to be finalised in autumn. It is still subject to approval by the European Commission. “For the second quarter of 2016 the total effect of the transaction on Vattenfall’s earnings is SEK -21.5 billion, compared Nordic Chamber Report 15-31 July 2016 with estimated SEK -22–27 billion that was commun icated at the signing date, Vattenfall said, adding that the final effect on the company’s earnings will be determined as per the closing date. Vattenfall reports a loss of SEK 25.6 billion and net sales of SEK 34.5 billion in the second quarter of 2016. (Tyden)



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