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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014
Elenia Finance Oyj
Elenia Finance Oyj (the Issuer) announces that it has been informed by its parent company, Elenia Oy (the Shareholder), that on 30 June 2019 the Shareholder signed a sale and purchase agreement (the Agreement) with SL Capital Infrastructure II SCSP ("SL"), DIF Infrastructure V Coöperatief U.A. ("DIF") and LPPI Infrastructure Investments LP ("LPPI") for the sale (Sale) to SL, DIF and LPPI of 100 per cent. of the issued share capital of Elenia Lämpö Oy (Elenia Heat).
Completion of the Sale of Elenia Heat is expected to occur in July 2019.
The Shareholder has further indicated that not less than EUR 225 million of the proceeds from the Sale are currently intended to be used for repayment of interest-bearing debt at Elenia Finance Oyj.
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