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RheinEnergie Buys 25%Vattenfall Plant
Berlin-based Vattenfall Europe has offloaded a 25% stake in Rostock hard-coal fired power plant to RheinEnergie.
Berlin-basedVattenfall Europehas offloaded a 25% stake in Rostock hard-coal fired power plant toRheinEnergie,The Wall Street Journalreports. Financial terms of the deal were not disclosed.
RheinEnergie will also buy Rostock’s 24.6% share, which is currently held byRWE.EnBWwill retain its 50.4% share in the power plant, which supplies district heating to the grid operated by theStadtwerke Rostockmunicipal works.
Click here for the story fromThe Wall Street Journal.
Click here for the additional coverage fromReuters.