Lindblad & Co advised City of Outokumpu in the sale of Outokummun Energia Oy
Lindblad & Co organized, as an advisor of City of Outokumpu, an auction process in order to sell the shares of Outokummun Energia Oy. Non-disclosure agreement was signed with ten parties during the process and an offer was received from four parties. It was agreed during the process that Outokummun Energia Oy will be divided to three companies. The shares of two companies to be formed will be sold to Vapo Oy and to a new company to be founded by Kuoreveden Sähkö Oy and Köyliön-Säkylän Sähkö Oy. The purchase price for Outokummun Energia Oy is EUR 25. 56 million.
However, the city council decided not to sell its energy company based on 15 votes against and 12 votes in favor.
Partner Markku Lindblad led the Lindblad & Co team which also consisted of senior lawyer Anna Virta and lawyers Maisa Cederström and Topi Heinänen.
Markku Lindblad, partner
Anna Virta, senior lawyer