RheinEnergie Buys 25%Vattenfall Plant

Berlin-based Vattenfall Europe has offloaded a 25% stake in Rostock hard-coal fired power plant to RheinEnergie, The Wall Street Journal reports. Financial terms of the deal were not disclosed.

RheinEnergie will also buy Rostock’s 24.6% share, which is currently held by RWE. EnBW will retain its 50.4% share in the power plant, which supplies district heating to the grid operated by the Stadtwerke Rostock municipal works.

Click here for the story from The Wall Street Journal.

Click here for the additional coverage from Reuters.