Fortum, Birka Energi, Karlstad Energi and Trondheim Energiverk sells Etrem AB for SEK 140-160 million

Birka Energi, Fortum, Karlstad Energi and Trondheim Energiverk has reached an agreement with  Viterra Energy Services A/S, Germany  to sell all the shares in Etrem AB for

SEK  160 million. The agreement is subject to the approval of the relevant Competition Authorities.

 

The company was formed as a joint venture between the sellers in 1998 in order to create

a more effective structure in the Nordic electricity metering industry.

 

Birka Energi has before the transaction 49 percent of the shares in Etrem, and Fortum,

Karlstad and Trondheim has 33 respectively 7 and 11 percent.

 

For further contact:

 

Merril Boman, Corporate Executive Vice President, Communications,

Birka Energi, tel  + 468-671 7951,  +4670-590 7975

 

Andreas Heuveldop, Head of  Corporate Development/M&A,

Viterra Energy Services, tel +49 201 459 3401