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Arntzen de Besche assists TrønderEnergi in the sale of companies and mergers

February 28, TrønderEnergi AS announced the sale of its power sales business to Fjordkraft. Furthermore, the Boards of Directors of NTE Holding AS and TrønderEnergi AS have agreed on the main principles for establishing a joint powergrid corporations consisting of the NTE Nett and TrønderEnergi Nett’s businesses.

Sales of power sales division

After a long-term strategy process, TrønderEnergi have concluded that they will focus on providing new energy solutions to the corporate market and to a lesser extent be a supplier of electricity sales in the private market.

The agreement is subject to approval from the Norwegian Competition Authority.

Arntzen de Besche has assisted TrønderEnergi in the transaction. 

The press release from TrønderEnergi is available here (in Norwegian).

Establishing of joint power grid corporation

The Boards of Directors of NTE Holding AS and TrønderEnergi AS have agreed on the main principles for establishing a joint powergrid corporations consisting of the NTE Nett and TrønderEnergi Nett’s businesses.

The corporation will be the 3rd largest power grid corporation in Norway and the ambition is to be number one. The corporation will have approx NOK 4.7 billion in invested capital and have more than 230 000 customers.

Arntzen de Besche assists TrønderEnergi and TrønderEnergi Nett in this process. 

The press release from TrønderEnergi is available here (in Norwegian). 

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