Aberdeen Standard Investments (ASI) is planning to acquire a 66 percent interest in Outokummun Energia Oy, a regional energy business based in the town of Outokumpu in Finland.
Outokummun Energia produces, sells and distributes electricity and heat. The company has a 1,000-kilometer (621-mile) electricity distribution network and a 30-kilometer (18-mile) district heating network. The heat is predominantly sourced from environmentally friendly fuel sources.
This marks ASI’s fourth infrastructure deal in Finland.
The acquisition will be funded through ASI’s SL Capital Infrastructure II fund (SLCI II). The firm’s economic infrastructure program invests in core infrastructure assets in Europe and currently holds 12 other assets.
“The infrastructure team’s fourth investment in the Finnish infrastructure market follows our strategy to acquire and manage premium regulated infrastructure assets in Europe, and to work on behalf of our investors with loca
