Thedecison was taken by the Oslo, Norway-based energy group’s board of directors,and is caused by unacceptable profitability, Statkraft announced.
Inits preliminary annual report last month, Statkraft chief bexecutive officerChristian Rynning-Tønnesen said that ”the result is characterised bywrite-downs, particularly in connection with the market situation for Europeangas power."
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