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Vattenfall finalizes Nuon Deutschland sale

 
22 March 2010 – Vattenfall AB has finalized the sale of energy supply company Nuon Deutschland GmbH to ENERVIE – Südwestfalen Energie und Wasser AG (formerly known as SEWAG).
 
Vattenfall acquired 49 per cent of the shares in the Dutch energy company N.V. Nuon Energy on 1 July 2009 and gained operational control of Nuon at the same time.
 
The European Commission approved this acquisition only on the condition that Vattenfall divested all its shares in Nuon Deutschland GmbH. Vattenfall consequently started looking for a buyer in August 2009.
 
Final contracts were signed on 18 March 2010, with retrospective effect from 1 January 2010.