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LEAG
The LEAG Group is Germany's second-largest energy producer, primarily operating in the Lusatia (Lausitz) region of eastern Germany. The conglomerate was founded in 2016, when the Swedish company Vattenfall sold their German lignite Lignite (derived from Latin ''lignum'' meaning 'wood'), often referred to as brown coal, is a soft, brown, combustible sedimentary rock formed from naturally compressed peat. It has a carbon content around 25–35% and is considered the lowest ... division to the Czech investors EPH and PPF. It consists of several legally separate sister companies and their subsidiaries: *Lausitz Energie Bergbau AG *Lausitz Energie Kraftwerke AG *Lausitz Energie Verwaltungs GmbH References External links * {{authority control German companies established in 2016 Natural gas companies of Germany ...
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EPH (company)
Energetický a průmyslový holding, a.s. (EPH) is a Czech Republic (Prague) based company currently investing mainly in the energy sector in Europe, founded in 2009. The group's business lines covers the complete value chain ranging from highly efficient cogeneration, power generation, and natural gas transmission, gas storage, gas and electricity distribution and supply. The majority owner is Czech entrepreneur and lawyer Daniel Křetínský (94%), who is ranked among the richest Czechs in the long term and according to Forbes he became a dollar billionaire in 2017. The remaining 6% is distributed among selected managers of EPH. EPH employs almost 25.000 people and comprises over 50 companies. Ownership The company was founded in August 2009 as an indirect subsidiary of J&T Finance Group. Initially, its ownership structure consisted of PPF (40%), J&T (40%) and Daniel Křetínský. In August 2012 PPF converted part of its debt for EPH shares and increase its share to 44.4% (decr ...
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Aktiengesellschaft
(; abbreviated AG ) is a German language, German word for a corporation limited by Share (finance), share ownership (i.e., one which is owned by its shareholders) whose shares may be traded on a stock market. The term is used in Germany, Austria, Switzerland (where it is equivalent to a ''S.A. (corporation), société anonyme'' or a ''società per azioni'') and South Tyrol for companies incorporated there. In the United Kingdom, the equivalent term is public limited company, and in the United States, while the terms "Incorporation (business), incorporated" or "corporation" are typically used, technically the more precise equivalent term is "joint-stock company". Meaning of the word The German word ''Aktiengesellschaft'' is a compound noun made up of two elements: ''Aktien'' meaning an acting part or shares, share, and ''Gesellschaft'', meaning company or society. English translations include ''share company'', or ''company limited by shares'', or joint-stock company. In German, ...
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Cottbus
Cottbus () or (;) is a university city and the second-largest city in the German state of Brandenburg after the state capital, Potsdam. With around 100,000 inhabitants, Cottbus is the most populous city in Lusatia. Cottbus lies in the Sorbian settlement area () of Lower Lusatia, and is the second-largest city on the River Spree after Berlin, which is situated around downstream. The city is located on the shores of Germany's largest artificial lake, the Cottbuser Ostsee (). Cottbus is considered the political and cultural center of the Lower Sorbian-speaking Sorbs (in Lower Lusatia also called the Wends), while the overall center of all Sorbs (Lower and Upper) is Bautzen (''Budyšin''). Cottbus is the largest bilingual city in Germany. Signage is mostly in German and Lower Sorbian. The city is the seat of several Lower Sorbian institutions like the Lower Sorbian version of the Sorbischer Rundfunk (/), the Lower Sorbian Gymnasium, and the Wendish Museum (). The use of the ...
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PPF (company)
PPF Group is an international diversified investment group founded in 1991 in the Czech Republic. PPF Group invests in a variety of sectors, including banking and financial services, telecommunications, media, biotechnology, real estate and industry. The geographical reach of PPF Group spans Europe, North America and Asia. It is currently active in the Czech Republic, Slovakia, Serbia, Hungary, Switzerland, Ukraine, Turkey, Netherlands, Bulgaria, Croatia, Poland, Romania, Slovenia, Kazakhstan, Finland, Germany, India, Indonesia, Vietnam, Philippines, China, France, United Kingdom and the United States. PPF Group was founded by Petr Kellner, whose 98.93% shareholding passed to his wife Renata and their family upon his death in March 2021. According to ''Forbes'' magazine, Mr Kellner was the wealthiest Czech. PPF Group's other two shareholders are, and Jean-Pascal Duvieusart, each holding a 0.535% share. As of 31 December 2021, PPF Group's assets were worth EUR 42.2 billion. His ...
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Lusatia
Lusatia (; ; ; ; ; ), otherwise known as Sorbia, is a region in Central Europe, formerly entirely in Germany and today territorially split between Germany and modern-day Poland. Lusatia stretches from the Bóbr and Kwisa rivers in the east to the Pulsnitz and Black Elster rivers in the west, and is located within the German states of Saxony and Brandenburg as well as in the Polish voivodeships of Lower Silesia and Lubusz. Major rivers of Lusatia are the Spree and the Lusatian Neisse, which defines the border between Germany and Poland. The Lusatian Mountains of the Western Sudetes separate Lusatia from Bohemia (Czech Republic) in the south. Lusatia is traditionally divided into Upper Lusatia, the hilly southern part, and Lower Lusatia, the flat northern part. The areas east and west along the Spree in the German part of Lusatia are home to the Slavic Sorbs, one of Germany’s four officially recognized indigenous ethnic minorities. The Upper Sorbs inhabit Saxon U ...
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Vattenfall
Vattenfall is a Swedish multinational corporation, multinational electrical power industry, power company owned by the List of government enterprises of Sweden, Swedish state. Beyond Sweden, the company generates power in Denmark, Finland, Germany, the Netherlands, and the United Kingdom. The company's name is Swedish for "waterfall", and is an abbreviation of its original name, Royal Waterfall Board (''Kungliga Vattenfallsstyrelsen''). History Vattenfall (then called ''Kungliga Vattenfallsstyrelsen'' or Royal Waterfall Board) was founded in 1909 as a state-owned enterprise in Sweden. From its founding until the mid-1970s, Vattenfall's business was largely restricted to Sweden, with a focus on hydroelectric power generation. Only in 1974 did the company begin to build nuclear reactors in Sweden (the Ringhals Nuclear Power Plant, Ringhals 1 and 2 reactors), eventually owning seven of Sweden's 12 reactors. In 1992, Vattenfall was reformed as the Aktiebolag, joint-stock company Vat ...
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Lignite
Lignite (derived from Latin ''lignum'' meaning 'wood'), often referred to as brown coal, is a soft, brown, combustible sedimentary rock formed from naturally compressed peat. It has a carbon content around 25–35% and is considered the lowest rank of coal due to its relatively low heat content. When removed from the ground, it contains a very high amount of moisture, which partially explains its low carbon content. Lignite is mined all around the world and is used almost exclusively as a fuel for steam-electric power generation. Lignite combustion produces less heat for the amount of carbon dioxide and sulfur released than other ranks of coal. As a result, lignite is the most harmful coal to human health. Depending on the source, various toxic heavy metals, including naturally occurring radioactive materials, may be present in lignite and left over in the coal fly ash produced from its combustion, further increasing health risks. Characteristics Lignite is brownish-bl ...
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German Companies Established In 2016
German(s) may refer to: * Germany, the country of the Germans and German things **Germania (Roman era) * Germans, citizens of Germany, people of German ancestry, or native speakers of the German language ** For citizenship in Germany, see also German nationality law **Germanic peoples (Roman era) *German diaspora * German language * German cuisine, traditional foods of Germany People * German (given name) * German (surname) * Germán, a Spanish name Places * German (parish), Isle of Man * German, Albania, or Gërmej * German, Bulgaria * German, Iran * German, North Macedonia * German, New York, U.S. * Agios Germanos, Greece Other uses * German (mythology), a South Slavic mythological being * Germans (band), a Canadian rock band * "German" (song), a 2019 song by No Money Enterprise * ''The German'', a 2008 short film * "The Germans", an episode of ''Fawlty Towers'' * ''The German'', a nickname for Congolese rebel André Kisase Ngandu See also * Germanic (disambiguatio ...
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