Categories: Business

The year-long legal dispute : Vattenfall wants to sell power in the Berlin Senate

The Year-Long Legal Dispute
Vattenfall wants to sell power in the Berlin Senate

The Logo of the energy group Vattenfall power plant in Berlin. Photo: Christophe Gateau/dpa

© dpa-infocom GmbH

The energy group Vattenfall offers the country, all of the shares of its own subsidiary stromnetz Berlin GmbH. What will be the conditions and what is the intended purchase price?

The energy group Vattenfall wants to end the year-long legal dispute to the Berlin power supply and the power grid of the capital to the Senate to sell.

The group offered all of its shares of its own subsidiary stromnetz Berlin GmbH, including infrastructure, IT systems and personnel, shared with Vattenfall. “We came to the conclusion that we need to find a way out of a hopeless Situation,” said the outgoing Vattenfall CEO Magnus Hall of the German press Agency. “It is not good, this uncertainty remains in all of our business activities, decisions and investments with us rumzuschleppen.”

To be made to the terms of and the proposed purchase price Hall first of all, there is no information. The Senate should strike, could be completed of the purchase from the point of view of the energy company already during the first half of the year 2021. The Berlin Senate would be closer to their goal of a large piece of The Land has been working for years to make privatisations of past decades to undo. Also, the power grid should again change in state hands.

Hall stressed that it was “a Signal that we need to rethink our business in Germany”. The Federal Republic of Germany remains the most important market for Vattenfall, “and we will continue to invest and our commitment to expand”.

dpa
Matthew Velter

With 5 years of experience as an editor, Matthew has been a crucial part of eTrendy Stock since its inception. He looks after the editing of news content published on eTrendy Stock. Apart from investing his time in editing, he also provides well-researched news articles for the U.S. niche. Mathew studied at University of central Florida.

Recent Posts

Sunny Mining Unveils Weekend Incentive Contracts for Short-Term Crypto Profits

Los Angeles, California, 22nd August 2025, ZEX PR WIRE, As digital assets gain increasing attention,…

3 days ago

Price pullbacks are no longer the end: APT miners help XRP investors lock in daily gains

Los Angeles, California, 22nd August 2025, ZEX PR WIRE, After XRP once again fell below…

3 days ago

Irys Raises $10M Series A to Unlock $3 Trillion Data Economy With First Programmable Datachain

CoinFund-Led Round Accelerates Institutional Adoption of Infrastructure For Datachains London, UK, Aug 22, 2025, ZEX…

3 days ago

BJMINING Attracts Thousands of New Users Amid Crypto Rally, Delivering $7,000 Daily Returns

London, UK, 22nd August 2025, ZEX PR WIRE- With the launch of Bitcoin and Ethereum…

3 days ago

XRP holders cash out $5,777 per day through secure blockchain cloud mining.

Start your journey to wealth with one click. Miami, Florida, 22nd August 2025, ZEX PR…

3 days ago

PlanMining Helps XRP Investors Earn $8,800 in Passive Income Daily

London, England, 22nd August 2025, ZEX PR WIRE, In today’s volatile cryptocurrency market, maintaining asset…

3 days ago