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Cindrigo agrees deal to acquire Kaipolan Energia for EUR19.0 million

By District Energy posted 04-09-2024 16:35




Cindrigo Holdings Ltd on Tuesday said it signed an agreement to acquire Kaipolan Energia OY, to boost its presence in the renewable energy sector.

Cindrigo is a Guernsey-based renewable energy company, while Kaipolan Energy holds a 50-year lease of a 110 megawatt waste-to-energy combined heat and power plant located in Kaipola, Finland.

Cindrigo will acquire Kaipolan Energy from seller Amtroy OU for EUR19.0 million, materially on the same terms as the memorandum of understanding announced in late February.

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