Krogerus advised European Energy Exchange (EEX) on the acquisition of 100% of the shares in Grexel Systems Oy, a Helsinki-based provider of energy certificate registries in Europe.
Grexel offers services for operators of registries, i.e. for guarantees of origin, and holds a market share of 42% of new certificates issued within the European Energy Certification Scheme (EECS). The company currently operates 15 energy certificate registries in Europe. Over 10,000 account holders, including major energy producers and end users, use Grexel System’s registries.
The transaction, which is subject to certain customary closing conditions, is anticipated to be completed in early 2019.
The Krogerus team included of counsel Kimmo Mettälä and associate Anna Metso with Ville Hailikari as partner. Partner Antti Lehtimaja and associate Vilma Piipponen supported on tax matters.