Vattenfall’s lignite mining for sale

State-owned utility Vattenfall has invited potential bidders to state their interest in all of Vattenfall’s German lignite assets, reports Dagens Industri online.
“A key step in the sales process and Vattenfall’s energy portfolio strategy shift,” states the company in a press release.
Bidders will also be able to bid for the utility’s hydro assets in Germany in conjunction with the sale. The sales process is expected to continue into 2016, and Citigroup and ING have been appointed financial advisors in the transaction.
Vattenfall remains fully committed to its other business operations in Germany, such as district heating, electricity distribution, sales, trading and wind.