UPM Energy sells its share in Kainuun Voima to Kajaanin Energiantuotanto
(UPM Energy, Helsinki, 18 May 2020 at 19:15 EET) - UPM Energy and the City of Kajaani have negotiated an agreement, according to which, UPM Energy Oy will sell its 50% share in Kainuun Voima Oy to Kajaanin Energiatuotanto Oy, owned by the City of Kajaani. In addition to the share capital, UPM Energy's customer agreements specified in the deed of sale and the related rights and obligations (steam supply and sales agreements) will be transferred to Kajaanin Energiantuotanto in connection with the transaction. In addition, in connection with the share transaction in Kainuun Voima Oy, the