Statkraft acquired 1/3 of the shares of Baltic Cable AB in January 2002 from E.ON Energie AG, and from June 2002 secured the right to use an additional 1/3 owned by E.ON Scandinavia AB. In January 2004, the purchase of this 1/3 has been closed. As a result, Statkraft now owns 2/3 and Sydkraft 1/3. The operations of the cable will not change as a result of this transaction.
Facts about the Baltic Cable
The cable was built in 1994 between Arrie in Sweden and Lübeck in Germany. The cable was originally owned by Vattenfall, Sydkraft and PreussenElektra.
Contact person: Asbjørn Grundt, telephone +47 24067368 / mobile 918 40 664.