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Mandate Vinge advises Fortum in connection with sale of Arvika Fjärrvärme

July 08, 2010

Vinge has advised Fortum in connection with the sale of its holding in Arvika Fjärrvärme AB to Arvika Stadshus AB whereupon Arvika has become the company’s sole shareholder. Final completion and take-over in respect of the operations is expected to take place on 1 October 2010.

Arvika Fjärrvärme was established in 1996 by Fortum Värme and Arvika Stadhus AB. Since then distance heating has developed into a much more energy efficient and environmentally friendly business operation. Almost 90 % of the initial fuel requirement is provided in the form of biofuel from the Lyckeverket facility where most of the heating production takes place.

Vinge’s team consisted of partner Johan Göthberg and associate Johan Norström.

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