13 Jul 2023
Bild i motljust av en elektriker som arbetar uppe på elstolpar vid solnedgång.

EY financial advisor in divestment of Swedish electricity network

By Niclas Boberg

Partner, Nordic Energy M&A leader, Swedish Energy Strategy & Transactions leader

Devoted to contribute to building a sustainable future and value to my clients. Finds relaxation in outdoor lifestyle and is a keen skier and runner.

13 Jul 2023

EY has acted as financial advisor to Blåsjön Kraft AB in their divestment of electricity distribution service operator Blåsjön Nät (“Blåsjön”) to Downing Renewables and Infrastructure Trust.

Blåsjön, which has been held by Fortum and Uniper through their JV Blåsjön Kraft AB is located in Strömsund in northern Sweden. In addition Blåsjön Kraft AB owns several hydro power assets in the region. The company is acquired by Downing Renewables and Infrastructure Trust plc (“DORE”) and represents their second acquisition in the grid and grid stability services sector. DORE is a closed-end investment trust that aims to provide investors with an attractive and sustainable level of income, with an element of capital growth, by investing in a diversified portfolio of renewable energy and infrastructure assets in the UK and Northern Europe.

EY’s dedicated Nordic energy corporate finance team advised the sellers through a competitive M&A process generating interest from Swedish and European investors.

Summary

EY has a dedicated Nordic corporate finance team covering the energy and infrastructure sectors and advice across segments with deep industrial expertise. EY is ranked as the leading financial advisor globally in the energy and renewables sector.

About this article

By Niclas Boberg

Partner, Nordic Energy M&A leader, Swedish Energy Strategy & Transactions leader

Devoted to contribute to building a sustainable future and value to my clients. Finds relaxation in outdoor lifestyle and is a keen skier and runner.