Solör Bioenergy Group have entered into an agreement with Strängnäs municipality for a potential acquisition of 80% of the shares in the municipal district heating business.
Solör Bioenergy Group announced today that it has been selected as preferred buyer of 80% of theshares in Strängnäs district heating business, with intention to name the new company Solör Bioenergi Strängnäs AB. The transaction is subject to approval by Strängnäs city council. The purchase price amounts to SEK 1.2 bn for 80% of the shares.
– Strängnäs District Heating will be a central part in Solör Bioenergy Group´s development in the Mälardalen region, says Martinus Brandal, Chairman & CEO of Solör Bioenergy Group. We are highly committed to support the city of Strängnäs´ growth ambitions and further development of sustainability within the renewable energy market. The municipalities’ goal matches perfectly with Solör Bioenergy Group´s strategy”, says Brandal.
The production of district heating in Strängnäs amounts to approx. 200 GWh energy annually, which includes district heating, steam and electricity.