End of nuclear in Germany pushes Vattenfall into red

End of nuclear in Germany pushes Vattenfall into red
Stockholm (AFP) July 28, 2011 - Swedish power group Vatenfall on Thursday announced a 154-percent net loss in the second quarter, blaming it on Germany's decision to abandon nuclear power in the wake of the Fukushima disaster. Vattenfall recorded a net loss of 2.7 billion kronor (301 million euros, 433 million dollars) against five billion kronor over the same period in 2010, the company's report said. The result, said ... more