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05/22/2016

The office of Interquick, a company specialised in ”local tax, international tax and corporate planning". Registered at this address in Cyprus are Milees Ltd & Biques Ltd, two of the three companies that own EPH, a bidder on Vattenfall's lignite assets. Milees Ltd and Biques Ltd are owned by the companies J&T Partners I and J&T Partners II. These two companies are also registered at this address.

In April 2016, the Swedish state-owned energy company Vattenfall announced that they want to sell their lignite operations to Czech energy company EPH with its financial partner PPF Investments.

Such a deal would amount to climate disaster, as it would open for continued exploitation of one of Europe's largest lignite deposits.

A Greenpeace investigation reveals that deal would also be in breach of the Swedish governments policy for state-owned companies as well as Vattenfall's code of conduct, because of EPH's and PPF's lack of compliance with sustainability standards and ethical standards.

EPH is owned by offshore companies registered at an address in Cyprus, with no transparency at all.

The Swedish government, as owner of Vattenfall, can stop the deal. Greenpeace calls on the Swedish government to phase out the power plants before 2030, instead of handing over this huge climate responsibility to obscure offshore companies registered in Cyprus.