Find answers to frequently asked questions:
Is it possible to buy shares in Vattenfall?
Is it possible to buy bonds issued by Vattenfall?
What is Vattenfall's ownership in its Dutch subsidiary N.V. Nuon Energy?
Please comment on Vattenfall's strategy regarding hedging of electricity wholesale prices
Which accounting principles are used in Vattenfall's accounts?
What are Vattenfall´s financial targets?
Please comment on Vattenfall's credit rating.
No. The parent company of the Vattenfall Group, Vattenfall AB is a non-listed company, 100% owned by the Swedish state. The Swedish Government has stated that it has no intention to privatise the company.
Yes. Vattenfall has issued several bonds which are traded on the secondary market. For more information about Vattenfall's outstanding bonds, debt issuance programmes, prospectuses, please follow the link to our Funding section. For more information how to purchase Vattenfall bonds, please consult your bank for more details. There may be minimum amount requirements for such purchases.
Read more about our Funding section
Vattenfall acquired 49% of the shares in N.V. Nuon Energy on 1 July 2009 for EUR 4,833 million (the equity value for 100% amounted to EUR 9,863.5 million) and at the same time gained operational control. On 1 July 2011, Vattenfall aquired another 15% and in June 2012, Vattenfall aquired additional 3.04%. Vattenfall thereafter owns 67.04% of the shares. Vattenfall will acquire the remaining of the shares, according to plan, in two tranches in 2013 and 2015. The shareholders of Nuon receive fixed dividend payments during the co-shareholding period. Vattenfall reports the remaining share payments as interest-bearing liabilitites (30 September 2012: SEK 26.6 billion).
Vattenfall hedges its exposure in accordance with established mandates and generally for three years ahead in time. Vattenfall discloses percentages of generation hedged as well as hedge prices on a quarterly basis. Please refer to the presentation slides made available in connection with the release of Vattenfall's quarterly reports for more information about Vattenfall's hedging.
Since 2005 Vattenfall's consolidated accounts have been prepared in accordance with the International Financial Reporting Standards (IFRS).
The extraordinary General Meeting 28 November 2012 decided on the following four new financial targets. The four targets comprise profitability (defined as return on capital employed), two targets for its capital structure (defined as debt/equity ratio and FFO/adjusted net debt), dividend pay-out (unchanged). Please follow the link for more information on the targets.
More about financial targets
Vattenfall's ambition is to retain single A category ratings.
More about credit ratings