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BULLETIN: Vattenfall AB Increases Stake in HEW Jun 02
Standard & Poors, June 2002
Abstract
Standard & Poor's said today that today's announcement that Sweden-based electric utility Vattenfall AB (A-/Negative/A-2) is to acquire the City of Hamburg's 25.1% minority stake in Germany-based utility Hamburgische Electricit-ts-Werke AG (HEW) will have no effect on the ratings or outlook on Vattenfall. The -869 million ($820 million) acquisition will increase Vattenfall's control over its German operation Vattenfall Europe. This has been anticipated and is factored into the current ratings. ANALYTICAL E-MAIL ADDRESSES andreas_zsiga@standardandpoors.com peter_tuving@standardandpoors.com anthony_flintoff@standardandpoors.com infrastructurefinance@standardandpoors.com...
Companies mentioned in this report are: Vattenfall AB
Action: S&P Event
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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