Oulun Energia Oy and the City of Kemi have completed a share transaction in which Oulun Energia acquires a 60% majority stake in Kemin Energia ja Vesi Oy (Kenve). Following the transaction, Kenve will become a subsidiary of Oulun Energia, with ownership transferred to Oulun Energia on 1 September 2025. VALOR Partners acted as financial advisor in this transaction.
We would like to congratulate Oulun Energia and the City of Kemi on the successful completion of the transaction. This arrangement strengthens the energy infrastructure of the entire region and creates a solid foundation for implementing green transition projects along the Bothnian Bay coast.