Birka Energi and Katrineholm to sell Katrineholm Energi AB
Birka Energi and Katrineholm to sell Katrineholm Energi AB Birka Energi has agreed to sell its 49 percent shareholding in Katrineholms Energi AB as well as its fully owned company, Katrineholms Energiförsäljning AB, to Tekniska Verken i Linköping AB. Katrineholm local authority will simultaneously sell its 51 percent holding in Katrineholms Energi AB to the same buyer. "We are selling our holdings in Katrineholm to release funds for the further consolidation of our connected electricity and district heating networks," says Tomas Bruce, Birka Energi's CEO. The purchase sums involved are SEK 500 million for Katrineholms Energi AB and SEK 31 million for the energy sales company. Birka Energi's share of the total purchase sum is SEK 276 million. Katrineholms Energi AB primarily covers district heating and electricity distribution and has, in common with the energy sales company, around 15,000 customers. The sales are subject to approval by the relevant local authority. For further information, please contact: Tomas Bruce, President and Chief Executive Officer, tel +46 8-671 79 60 or+46 70-316 14 14 Lars-Håkan Ellenius, Chief Financial Officer, Tel +46 8-671 79 69 or +46 70-676 79 69 Merril Boman, Corporate Executive Vice President Communications, tel +46 8-671 79 51 or +46 70-590 79 75 Birka Energi is Scandinavia's leading energy company with approximately 900,000 customers. We develop environmentally sound and sustainable energy systems and services for commercial as well as domestic use. We interface with our customers via two trademarks: HemEl for private customers and Birka Energi for commercial customers. The entire company is environmentally certified in accordance with ISO 14001. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/30/20010530BIT00430/bit0002.doc http://www.bit.se/bitonline/2001/05/30/20010530BIT00430/bit0002.pdf