Deal Announcement Tampereen Energia's Electricity Retail Business

Sector: Energy & Utilities

PwC acted as an exclusive financial and legal advisor to Tampereen Energia Oy in the sale of the company's electricity retail business to Väre Oy.

Tampereen Energia is a municipal energy company fully owned by the City of Tampere. The company is a leading energy producer in Tampere region, and the local electricity distribution system operator. Tampereen Energia's electricity retail business serves approximately 100 000 customers in Finland.

Seller: Tampereen Energia Oy

Buyer: Väre Oy

Deal announcement date: 26 February 2024

PwC's role: Seller's financial and legal advisor

Tampereen Energia's press release

Väre's press release

 

Kimmo Vilske

Partner, Corporate Finance, PwC Finland

+358 (0)20 787 7938

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Elina Kumpulainen

Partner, Legal, PwC Finland

+358 (0)20 787 7907

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