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Vattenfall rejects Greenpeace's bid on lignite assets in Germany

Vattenfall has rejected Greenpeace's bid to acquire its lignite mining assets in Germany, arguing that the environmental protection group had no intention of standing as a bidder. Greenpeace aimed to take over the lignite mines to keep lignite resources in the ground, prevent the opening of new mines and avoid CO2 emissions of about 1.2 GtCO2eq. The group had offered no money for the purchase, considering that the lignite mines and power plants in eastern Germany were in fact a liability.

Vattenfall's lignite assets are mainly located in the states of Brandenburg and Saxony (Lusatia region) and correspond to the Boxberg, Jänschwalde, Schwarze Pumpe power plants, to Lippendorf block R power unit and to lignite mining activities (Jänschwalde, Nochten, Reichwalde, Welzow-Süd and Cottbus Nord). Ten hydropower plants located in the regions adjacent to the lignite assets are also offered for sale but only in conjunction with the German lignite assets (they will not be sold separately).

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