Vattenfall launches $700m Enea block

By Andrew Griffin
13 Jan 2014

Swedish power firm Vattenfall is set to raise $700m through the sale of its entire shareholding in Polish utility Enea on Monday night.

The Swedish government-owned power firm is selling 82.4m shares in Polish-listed Enea, representing 18.7% of the company and its entire stake. At Monday's Skr54.50 close, that values the block at Skr4.469bn ($689m).

Deutsche Bank and ING are joint bookrunners.

Enea is majority owned by the Polish state treasury, which holds ...

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