Birka Energi acquires Energy Securities Europe AB and forms new unit for financial trading in energy

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Birka Energi acquires Energy Securities Europe AB and forms new unit for financial trading in energy Birka Energi AB is increasing its ownership of Energy Securities Europe AB (Ensec) to 91 per cent and merging the company with Birka Energi's own financial energy trading and portfolio management to form a new operating subsidiary, Birka Energy Securities AB. The acquisition is conditional upon the approval of the Swedish Monopolies and Mergers Commission. "This financial energy trading will quickly increase in scope and significance, and with the new company, we can offer Birka's and Ensec's customers significantly greater resources and a wider range of services", says Tomas Bruce, MD and Group Chief of Birka Energi. The purpose of the new company is to develop and run financial services such as energy trading, portfolio management, advice, risk management and administration. The services are offered to both Birka Energi's own players and external customers. Ensec's current MD, Per-Olof Granström, will remain in his post. For further information, please contact: Tomas Bruce, MD and Group Chief, Birka Energi AB, tel +46 8 671 79 60 or +46 70 771 79 60 Per-Olof Granström, MD, Energy Securities Europe AB Ensec, tel +46 8 442 53 80 or +46 70 828 94 04 Merril Boman, Information Director, Birka Energi AB, tel +46 8 671 79 51 or +46 70 590 79 75 ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/04/04/20000404BIT00790/bit0001.doc http://www.bit.se/bitonline/2000/04/04/20000404BIT00790/bit0002.pdf