Reuters dominates coverage of German power grid sales
03.11.2010
Reuters broke the news on March 11 that Belgian grid operator Elia and Australian infrastructure fund Industry Funds Management had agreed to buy the German power grid of Swedish utility Vattenfall. The exclusive, published a day before the companies officially announced the deal, also revealed the partners would pay around 800 million euros including debt for the power network. Vattenfall`s credit default swaps narrowed and Elia shares dropped 1.4 percent while the Utility stoxx index remained flat. The story rounded off one and a half years of coverage of power grid sales in Germany in which Reuters consistently set the pace.
