Brief: Aspo Signs Agreement With OP Finland Infrastructure LP

Aspo Oyj

08/11/2023 14:13

Nov 8 (Reuters) - Aspo Oyj  ASPO.HE :
    * INSIDE INFORMATION: ASPO ANNOUNCES PARTNERSHIP WITH OP
FINLAND
INFRASTRUCTURE LP TO ACCELERATE THE GREEN TRANSITION OF ASPO’S
SUBSIDIARY ESL SHIPPING
    * HAS TODAY SIGNED AGREEMENT WITH OP FINLAND INFRASTRUCTURE
LP
REGARDING INVESTMENT OF EUR 30 MILLION INTO ASPO'S SUBSIDIARY
ESL SHIPPING
    * TRANSACTION IS SUBJECT TO COMPETITION AUTHORITY FILINGS
AND
CHANGE OF CONTROL APPROVALS FROM FINANCIAL INSTITUTIONS
    * SIGNS AGREEMENT WITH OP FINLAND INFRASTRUCTURE LP
REGARDING AN
INVESTMENT OF EUR 30 MILLION INTO ASPO'S SUBSIDIARY ESL SHIPPING
    * INVESTMENT WILL BE MADE AGAINST ISSUANCE OF NEW SHARES IN
ESL
SHIPPING WITH AN AGREED PRE-MONEY EQUITY VALUATION OF EUR 165
MILLION
    * CORRESPONDS TO 15.38% OWNERSHIP STAKE IN ESL SHIPPING
    * CLOSING OF TRANSACTION IS EXPECTED TO TAKE PLACE DURING
Q1/2024
    * IMPLIES AN ENTERPRISE VALUE OF APPROX. EUR 300 MILLION FOR
ESL
SHIPPING

Source text for Eikon:  ID:nGNE8MckCr 
Further company coverage:  ASPO.HE 

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