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
Publication Name: Helsingin Sanomat
Subject: Business, international
ISSN: 0355-2047
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Helsingin energia vakuuttaa asiakkaansa s hkturman varalta
Article Abstract:
In Finland, Helsingin Energia
Comment:
Will take an insurance policy on all households including all family members for electricity related accidents
Publication Name: Helsingin Sanomat
Subject: Business, international
ISSN: 0355-2047
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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
Comment:
Issues new acquisition offer for Revon S hkFMk810 mil
Publication Name: Helsingin Sanomat
Subject: Business, international
ISSN: 0355-2047
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Generale opens wallet for Fortis unit. KBC is expected to raise stake of CSOB to 90%
- Abstracts: Niinist : Ensi vuonna selvit n ehk lainatta Sellutehtaan hajussa sairastetaan enemm n UPM lopettanee Ranskan sellutehtaan ensi vuonna
- Abstracts: Generali cuts estimate of Holocaust policies. Allianz to link with Dresdner, creating unit
- Abstracts: Hoechst heats up arthritis-drug duel. Merck plans to buy Sibia for 81.4 million euros. U.S. FDA panel backs two drugs for breast cancer
- Abstracts: Airbus hints it plans 100-seat jetliner. Airbus revamp hits snag in French demand for 50%