Alpiq sells Energiakolmio
Withdrawal from Finland
Alpiq Holding Ltd. has today completed the sale of its Finnish subsidiary Energiakolmio Oy in Jyväskylä to a local group of investors. The Finnish company, which specialises in portfolio management and energy services and, with a workforce of around 70, generated net revenue of approximately EUR 7 million in 2011, will be managed independently by the group of investors. The parties have agreed not to disclose the terms. The disposal, and hence the withdrawal of Alpiq from Finland, are part of the restructuring measures announced in July 2011 with a view to enhancing the company's strategic and financial flexibility.
Alpiq Holding Ltd.
Alpiq: Roots in Switzerland - active in Europe
Since its foundation in 2009, Alpiq Holding Ltd. has been the leading energy trader and service provider in Switzerland with European reach. Active in Switzerland and Europe, the Group has subsidiaries in more than 20 countries and in 2011 generated consolidated annual revenue of around CHF 14 billion. Alpiq specialises in electricity generation and transmission, sales and trading, as well as energy services, and is responsible for around one-third of Switzerland's electricity supplies.
More information on Alpiq: www.alpiq.com