Acquisition in Europe
ASI acquires energy business in Finland
Aberdeen Standard Investments is acquiring a 66% interest in Outokummun Energia Oy, a regional energy business in Finland.
The acquisition will be funded through ASI’s SL Capital Infrastructure II fund and will be its fourth infrastructure transaction in the country.
Outokummun was formed 20 years ago and at the end of last year it had about 5,280 electricity distribution and 4,260 energy customers.
It also has an electricity distribution network with a total length of 1,000km and a district heating network with a total length of 30km with the heat predominantly sourced from environmentally friendly fuel sources.
Dominic Helmsley, head of economic infrastructure, Aberdeen Standard Investments, pictured, said: “The infrastructure team’s fourth investment in the Finnish infrastructure market follows our strategy to acquire and manage premium regulated infrastructure assets in Europe.”