Major Investments and Divestments
Major Investments 1996-2006
- 1996 Vattenfall’s international expansion is initiated through the acquisition of Hämeen Sähkö, a Finnish electricity distribution company.
- 1999 Vattenfall agrees to acquire 25.1 per cent of the shares in HEW from the City of Hamburg, with an option for the city to sell another 25.1 per cent to Vattenfall.
- 2000 In January 55 per cent of the Polish heat production company EW is acquired in Warsaw, Poland.
- 2002 In January Vattenfall acquires all of Mirant’s shares in Berlin’s energy company, Bewag.
- 2003 Vattenfall increases its stake in the Polish company EW to 70 per cent and in GZE to 54 per cent.
- 2005 In April, 35.3 per cent of the shares in the Danish company Elsam A/S are acquired.
- 2006 Vattenfall increases its ownership in the Polish companies (EW and GZE) to 75 per cent. On 1 July a number of Danish wind power and combined heat and power assets are acquired from the Danish company DONG in exchange for ownership stakes in Elsam A/S and I/S Avedöre 2.
Major Divestments 1996-2006
There were no major divestments between 1996 and 2006
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