The sale will only take effect after the decision has gained legal force, expected on May 28 if not appealed. Meit Fohlin, chair of the Regional Executive Board, said the sale makes Vattenfall sole owner, allowing Gotland to join a larger electricity market with lower prices, and that proceeds will be managed long-term to strengthen welfare. Jens Storm, Vattenfall's representative on Geab's board, confirmed the company's long-term commitment to Gotland and Geab's employees and operations.
The exact investment plan for the proceeds and the timeline for lower electricity prices have not been specified.
Vattenfall has a long-term commitment to both Gotland and Geab's operations and employees. The collaboration with Region Gotland in the ownership group has always worked well and we look forward to continued close cooperation with both the region, its residents and business community.