Bloomberg News

Vattenfall Sells Finland Heating Businesses for EU1.54 Billion

December 16, 2011

Dec. 16 (Bloomberg) -- Vattenfall AB said it signed an agreement with LNI Acquisition Oy, a consortium comprising 3i Infrastructure plc, 3i Group plc, GS Infrastructure Partners an Ilmarinen Mutual Pension Insurance Company, for the sale of some of its Finnish assets. The transaction comprises Vattenfall Verkko Oy, the second largest electricity distribution network in Finland, and Vattenfall Lämpö Oy, a district heating supplier, it said. The transaction represents a total enterprise value of 1.54 billion euros, it said.

Link to Statement:{NSN LWABHV3PR6RN <GO>}

To contact the reporter on this story: Tasneem Brogger in London at tbrogger@bloomberg.net

To contact the editor responsible for this story: Christian Wienberg at cwienberg@bloomberg.net


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