Imatran Seudun Sähkö is a Finnish, medium-sized electricity company whose main ownership is owned by private individuals and companies. Imatra FNW Oy, a wholly owned subsidiary of the company, sells the entire share capital of its Estonian subsidiary Imatra Elekter to Eesti Energia’s subsidiary Elektrilevi OÜ.
Elektrilevi is part of Eesti Energia and is the largest electricity distribution company in Estonia. Imatra Elekter offers energy services to 25 000 customers in Western Estonia and Viimsi.
The acquisition will be confirmed when the Estonian Competition Authority approves the transaction at the end of this year.
Please see below for more details in a press release: