We have grown single crystals of EuFe2As2 and investigated its electrical transport and thermodynamic properties. Electrical resistivity and specific heat measurements clearly establish the intrinsic nature of magnetic phase transitions at 20 K and 195 K. While the high temperature phase transition is associated with the itinerant moment of Fe, the low temperature phase transition is due to magnetic order of localized Eu-moments. Band structure calculations point out a very close similarity of the electronic structure with SrFe2As2. Magnetically, the Eu and Fe2As2 sublattice are nearly de-coupled.
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