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DalaEnergi AB, the Swedish publicly listed energy company with activities in energy production, distribution and services in Dalarna region, has agreed to enter into a partnership with Nordion Energi AB, an owner of energy infrastructure in Sweden, including gas and power distribution.
Through the transaction Dala Energi will divest a 51% stake in a newly formed company which owns Dala Energi’s power distribution and fiber business including infra services, to Nordion. The new company will serve as a platform to strengthen the operations while also allowing additional local grid companies to join the partnership for the benefit of its customers.
The municipal owners in Dala Energi have an opportunity to become direct owners in the partnership creating a unique set-up for Swedish energy infrastructure through the combination of public and private ownership with very strong local bonds.
The transaction values the new company to 3,517 SEKm (c 300 EURm). Learn more about the transaction here.
EY's Nordic Energy and Infrastructure Corporate Finance team acted as financial advisor and EY Law acted as lead legal advisor to Dala Energi in the transaction process.
Below you can find a selection of EY's recent deal alerts and you can also find a more extensive list on our Strategy and Transactions page.