E.ON Sverige

E.ON Sverige AB, Company spelling: E.ON Sverige AB) is a Swedish energy company, and part of the international energy group Uniper SE. The Swedish company changed name in 2005, and was formerly known as Sydkraft AB

Aerial view (from the Kronprinsen tower) of the headquarters of E.ON Sverige in Malmö.

History

The company was founded in 1906 as Sydsvenska Kraftaktiebolaget 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 the 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.[1] 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.[2] After split of Uniper from E.ON, E.ON Sverige became a subsidiary of Uniper.

Operations

The group's primary activities include electricity sales, energy distribution, and production of renewable energy, natural gas, heat & cooling.

See also

References

  1. ↑ "Sydkraft becomes E.ON Sverige" (PDF). Kainuun Energia. 2005-09-15. Archived from the original (PDF) on 2007-09-28. Retrieved 2008-07-31.
  2. ↑ "Statkraft and E.ON have signed € 4.5 billion swap agreement". Statkraft. 2008-07-24. Archived from the original on 2008-08-04. Retrieved 2008-07-31.

Coordinates: 55°35′56″N 12°59′14″E / 55.59883°N 12.98711°E / 55.59883; 12.98711

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