It -Suomen Energia l hti kilpaan pohjalaisesta Revon S hk st

Article Abstract:

Finnish It -Suomen Energia, consisting of five provincial electricity companies, has handed in the second highest bid for Finnish Revon S hk , FIM 715mn (USD 136mn). Revon S hk is already one of the backing companies of It -Suomen Energia and Finnish Kymppivoima. According to Martti Lappalainen, the chairman of the board of Kymppivoima and the MD of It -Suomen Energia and Suur-Savon S hk , the Kymppivoima cooperation was one of the most important reasons for the bid as Kymppivoima wants to hold on to Revon S hk . It -Suomen Energia may not necessarily have to join the tight price competition for Revon S hk as the towns know that selling the company to outsiders could lead to increases in electricity prices in the region. According to Lappalainen, Revon S hk 's holding in the Finnish Teollisuuden Voima, TVO, is especially valuable. The holding guarantees a 35MW share in the nuclear power by Finnish Olkiluoto plant for the next 20 years. If Revon S hk goes to competing bidders the TVO holding will be excluded from the deal with redemption clauses.

Comment:

Has handed in the second highest bid for Finnish Revon S hk , $136 mil

It-Suomen Energia

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Helsingin energia vakuuttaa asiakkaansa s hkturman varalta

Article Abstract:

In Finland, Helsingin Energia will take insurance coverage for their clients. The company will take an insurance policy on all households including all family members for electricity related accidents. The insurance coverage is Fmk 50,000 (US$ 9,100) and it covers also holiday cottages. According to Helsingin Energia, no other electricity company offers a corresponding service. The company has approx. 280,000 clients.

Comment:

Will take an insurance policy on all households including all family members for electricity related accidents

Services development, Helsingin Energia

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Vattenfall korotti j lleen tarjoustaan Revon

Article Abstract:

The Finnish subsidiary of Swedish Vattenfall has again increased their offer on the Finnish Revon S hk shares. The new offer stands at FIM 360/share amounting to FIM 810mn (USD 157mn) for the entire share capital. The trade committee of the owners of Revon S hk had asked for a final offer also from Swedish Graningen. The trade committee considered Vattenfall's offer to be the best and recommended that the owners accept it.

Comment:

Issues new acquisition offer for Revon S hkFMk810 mil

Hydroelectric Power, Hydroelectric Power Generation, Energy, Utilities, Power resources, Vattenfall AB

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