Lantbrukskredit AB (publ) sells the district heating businesses in Söderköping, Trosa, Vallentuna, Vaxholm and Österåker

The process of terminating the subsidiary Lantbrukskredit AB’s credit facilities to the group EnergiSystem i Sverige AB has been concluded by E.ON Sverige AB’s acquisition of the businesses in Söderköping, Trosa, Vallentuna, Vaxholm and Österåker. As previously announced, the business in Vingåker was transferred to Rindi Energi AB on 1 December 2005. Hereby, all of the operating companies within the group EnergiSystem i Sverige AB have been sold. The now transferred businesses will be assigned to the new owner after due competition clearance. The disposals will negatively affect the result for 2005, incurring credit losses of approximately MSEK 190. - It is with great satisfaction that we have now terminated all of the credits, says Kjell Stillman. We can now focus completely on our core business, which is based on the segments production farms, residential farms and forests. This increased focus will benefit our members. - Further, it is satisfying that the new owners are established actors within the energy industry and have an explicit environmental focus.

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Landshypotek Bank's fundamental mission is to finance the investments of farmers and foresters, and has remained the same since founded in 1836. Since April 2013, Landshypotek Bank is one of Sweden’s ten largest banks. We are a unique niche bank, we are owned by our members and we challenge the prices for farming and forestry industries to offers the best rates possible. The profit we earn is invested back into the agricultural and farming industry for continuous growth and development.


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