E.ON Sverige

E.ON Sverige

E.ON Sverige AB, formerly known as Sydkraft, is Sweden's second largest utility with an annual turnover of 31 billion Swedish Krona (SEK) (approximately €3.3 billion euro, US$5.1 billion USD). The net profit for the 2005 fiscal year amounted to SEK 5.2 billion. The company is a complete energy group providing products and services in energy, the environment, recycling, waste, and communications.

History

The company's history started in 1906, when Sydsvenska Kraftaktiebolaget was formed with August Schmitz as CEO. Originally the company was producer of hydroelectricity. In 1915, in cooperation with the Swedish and Danish electricity grids, Sydsvenska Kraftaktiebolaget participated in the construction of Öresundskabeln, the first electricity interconnection between Sweden and Denmark.

In 1970s, the company moved into production of nuclear power. In 1971, the Oskarshamn Nuclear Power Plant was commissioned, with Sydsvenska Kraftaktiebolaget as major shareholder. In 1977, the company changed its changed name to Sydkraft.

The majority shareholding in Sydkraft AB was acquired in 2001 by E.ON AG in a deal estimated at $6.5 billion. In 2004, Sydkraft bought the Swedish energy company Graninge. On 16 September 2005, Sydkraft changed its corporate name to E.ON Sverige.cite news
url=http://www.taustavoimaa.fi/ajankohtaista/Liitteet/Sydkraft%20namnbyte%20eng.pdf
title=Sydkraft becomes E.ON Sverige
publisher=Kainuun Energia
date=2005-09-15
format=PDF
accessdate=2008-07-31
] In 2006, E.ON Sverige sold its broadband network to Tele2.

On 24 July 2008, Statkraft AS and E.ON AG signed a final agreement on asset swap, according to which E.ON acquired Statkraft's 44.6% of shares in E.ON Sverige by exchange of assets worth of €4.5 billion.cite news
url=http://www.statkraft.com/pro/press/Press_releases/2008/statkraft_and_e.on_have_signed_eur_4.5_billion_swap_agreement.asp
title=Statkraft and E.ON have signed € 4.5 billion swap agreement
publisher=Statkraft
date=2008-07-24
accessdate=2008-07-31
]

Operations

The group's primary activities include electricity sales, distribution, and production, natural gas, LPG, heat, cooling, energy trading and communications solutions. Non-core activities include computer, electricity installation, surveying, telecommunications and industry consulting services.

ubsidiaries

E.ON Sverige has 60 operating subsidiaries. The company is party to the Baltic Gas Interconnector. In Finland, it owns a subsidiary Kainuun Energia Oy. It also owner of 34% of shares in Fennovoima Oy, a company planning to built sixth nuclear reactor in Finland.

ee also

*Vattenfall
*Anders Björgerd
*E.ON

References

External links

* [http://www.eon.se/ E.ON Sverige AB] - Official site


Wikimedia Foundation. 2010.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Sverige (disambiguation) — Sverige is the Swedish language name for Sweden, but may also refer to:* Sverige, a hymn with lyrics by Verner von Heidenstam and music by Wilhelm Stenhammar * A Swedish coastal defence ship, HMS Sverige , used by the Swedish navy 1915 1953 *… …   Wikipedia

  • Sverige — Sverige, so v.w. Schweden …   Pierer's Universal-Lexikon

  • Svērige — (schwed.), Schweden …   Meyers Großes Konversations-Lexikon

  • Sverige — Sverĭge (schwed.), Schweden …   Kleines Konversations-Lexikon

  • Sverige —   [ sværjə, »Reich der Svear«], schwedischer Name für Schweden.   …   Universal-Lexikon

  • Sverige — [sve′rē ə] Swed. name for SWEDEN …   English World dictionary

  • Sverige class coastal defence ship — The Sverige class coastal defence ships (sometimes incorrectly referred to as coastal battleships) were the largest ships to serve in the Swedish Navy until that point. Their design was completely new and was influenced by the ships of the time.… …   Wikipedia

  • Sverige — Suède Wikipédia …   Wikipédia en Français

  • HMS Sverige — Sverige was a Swedish Pansarskepp (costal defence ship) during the last year of World War I and onward into the fifties. Her cost was approximately 12 million kronor in 1912, and the entire sum was raised in public in a nationwide fundraising… …   Wikipedia

  • Sverige — geographical name see Sweden …   New Collegiate Dictionary

  • Sverige — …   Deutsch Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”