Berlin referendum on power grid could hurt Vattenfall


  • World
  • Thursday, 31 Oct 2013

BERLIN (Reuters) - Berliners vote this week on returning the electricity grid of Germany's capital and biggest city to public hands, a move that could be bad news for the licence owner, Swedish utility Vattenfall, in its biggest market.

A "yes" vote on Sunday would deprive Vattenfall of a steady revenue stream and disappoint any hopes the company might have of getting a high price for the grid by selling it to investors.

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