We are acting as legal counsel to Gasum Oy in its acquisition of the Biotehdas biogas plant chain owned by Taaleritehdas Biofactory I Ky Private Equity Fund. The nationwide chain is the Finnish market leader in the biogas sector and comprises the fully operational biogas plants in Huittinen, Kuopio, Oulu and Honkajoki and a plant to be completed in summer 2016 in Riihimäki. The contract of sale was signed 11 January 2016 and the transaction is anticipated to be completed by February 29, 2016.
The development of biogas production and the biogas market is a key element of Gasum’s strategy and business growth. Together with natural gas and liquefied natural gas (LNG), biogas is forming a bridge to a carbon-neutral society. This acquisition will help Gasum ensure access to biogas in areas outside the gas pipeline network and enable an even more comprehensive offering to Gasum’s customers.
Gasum is a Nordic gas sector (natural gas and biogas) expert that is building a bridge to a carbon-neutral society on land and at sea. Gasum imports natural gas to Finland, upgrades biogas and transmits and delivers these products for a broad range of uses in energy production, industry, homes, and land and maritime transport. Gasum is developing the Finnish and Nordic energy infrastructure by investing in the liquefied natural gas (LNG) business, biogas business and transport services.
