On 2 November 2020, Vapo Oy announced that it has agreed to sell its wholly owned subsidiary Nevel Oy to French private investment company Ardian. Nevel provides industry and municipalities with advanced infrastructure solutions.
Competition authorities both in Finland and in Sweden have granted their approval for the transaction, which removes conditions of the transaction. The aim is to complete the transaction in January 2021.
For further information, please contact: Jarmo Santala, CFO, Vapo Oy, tel. +358 40 801 9191