Nuonaffären continuing headache for Waterfall – Expressen

For three months, the state-owned Vattenfall pay an additional 19 billion – in his final payment to Nuon Dagens Industri.

The deal is punctuated by slip – and has now cost the Swedish taxpayers nearly 52 billion.

And yet you see no improvement for the company .

For the wholly state-owned Vattenfall continues Nuonaffären to cause headaches. Record purchase has proven to be a scathing economically slip which, according to Dagens Industri, has already cost the Swedish taxpayers 52 billion. Money lost after the value of the assets has been written down.

In just over three months, in July, the next severe blow when the approaching final payment becomes reality – a date that signals to SEK 19.2 billion will be transferred to the other joint owner.

No brightening

All in tune with the contract, Vattenfall made up claims that the company, which currently state owns 79 percent of the shares in Nuon, should seize the remains 21 percent – to an already fixed purchase price.

Those who are waiting for the money, reports Di, is mainly Dutch municipalities and regions. Actors who have to be described as the big winners in the deal.

According to Vattenfall CEO Magnus Hall sees nor any improvement on the horizon.

“The forecasts for the coming year indicate that the price of electricity, and therefore the prerequisite for a large part of the company’s profitability, continues to be at historically low levels, “he writes in Vattenfall’s annual report that today’s industrial aware of.

Financial Crisis

The newspaper notes that state the Company hereby is in its worst crisis – ever. Even the smallest falls in electricity prices could have major consequences, you write.

Something from Vattenfall’s reach is well aware.

“We do not disclose the price forecasts as the basis for analysis . But the price trend for including elterminsmarknaden is important when we regularly analyze potential impairment, “writes Magnus Hall further in the report.