Vattenfall
AB
, the Swedish state-owned utility, said Friday that it has initiated
discussions with the City of Hamburg, Germany, about a possible sale of its
electricity grid and district heating businesses in
Hamburg
.
MAIN FACTS:
-The
negotiations on a potential take-over by the city are expected to be finalized
by Jan. 15, Vattenfall said.
-The negotiations with the City of
Hamburg
were
initiated by the result of a public referendum in Sept. last year.