VALOR served as the sole financial advisor to Savon Voima in the acquisition of the Joensuu district heating network and CHP plant from Fortum at an enterprise value of EUR 530 million. The strategic acquisition makes Savon Voima the 8th largest district heating provider in Finland and continues the strong growth track of the company.

Fortum to sell its district heating business in Joensuu, Finland for Approximately EUR 530 million