Krogerus advised Caruna Oy on its acquisition of Lapin Sähköverkko Oy from Kemijoki Oy. Concurrently, Caruna also acquired the high-voltage electricity distribution network assets from Kemijoki previously operated by Lapin Sähköverkko and Kemijoki itself.
The acquisition serves to expand Caruna’s existing distribution network with 150 kilometres of high voltage grid in the areas of Kemijärvi, Rovaniemi and Sodankylä, Finland.
Caruna is the largest company in Finland dedicated to the distribution of electricity. It distributes power to 650,000 private and corporate customers in south, southwest and western Finland, as well as in the city of Joensuu, the sub-region of Koillismaa, Lapland and the Satakunta region.
Lapin Sähköverkko is Kemijoki’s wholly owned subsidiary. The company specialises in high-voltage electricity distribution.
The Krogerus team, led by partner Ville Hailikari, included partner Marko Vuori, counsel Marjukka Sippola, senior associate Heta Rönkkö and associate Jarno Käkelä.