The distribution system operator Ellevio has today submitted an offer to the shareholders of the power company Elverket Vallentuna (publ). The board of directors of Elverket recommends the shareholders to accept the offer.
Ellevio offers SEK 97 per share and the acceptance period is expected to run from 26 May until 19 June. If the offer is accepted the total purchase price will be approximately SEK 629 million.
- There are several reasons why we are interested in acquiring Elverket. Firstly, Elverket is a very well run and professionally managed company with experienced and skilled employees. By acquiring Elverket, Ellevio can continue to strengthen its already strong position in the growing Stockholm region and the acquisition would also be completely in line with our strategy of growing through acquisitions, says Johan Lindehag, CEO of Ellevio.
Elverket is a power company, based in Vallentuna in the northern parts of the greater Stockholm area. The company sells electricity and energy related offers to private and business customers and has a so-called area concession for power lines in Vallentuna municipality. Through the power lines, which are owned, managed and developed by Elverket, the physical power distribution of electricity is managed to all residences and operations in Vallentuna municipality. Elverket has 37 employees and the shares of the company are listed on AktieTorget. For further information see www.elverket.se.
Ellevio is one of the largest distribution system operators in Sweden with 918,000 customers across the Stockholm area, Mid-Sweden and the West Coast.
A more detailed description of Ellevio’s offer has been distributed in Swedish, that provides the shareholders with all relevant information regarding the offer.
For further information, please contact:
Jonatan Björk, Press Officer Ellevio, mobile: +46 72-561 54 16, email: email@example.com
The Offer is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of holders in, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or the United States or any other jurisdiction in which the making of the Offer, the distribution of this press release or the acceptance of any tender of shares would contravene applicable laws or regulations or require further offer documents, filings or other measures in addition to those required under Swedish law.