# RWE agrees to acquire Vattenfall's Magnum power plant for €500M

Vattenfall reached an agreement to sell the 1.41GW Magnum CCGT power plant in Eemshaven, Netherlands, to RWE for €500 million ($534.51 million). The transaction is expected to be completed by the end of September 2022.

- Type: Acquisition
- Announced: 2022-06-01
- Where: Energy Park Eemshaven, Groningen province, Netherlands
- Value: $534.5M (500.0M EUR)
- Status: announced
- Capacity: 1.41 GW
- Products: electricity
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Vattenfall](https://endata.com/companies/3233.md) (target)
- [RWE](https://endata.com/companies/6731.md) (acquirer)

## Sources

- [power-technology.com](https://www.power-technology.com/projects/nuonmagnum-igcc/), 2022-07-03: "In June 2022, the company reached an agreement to sell the plant to RWE, a multinational energy company, for €500m ($534.51m)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.