Birka Energi Acquires Upplands Vasby's Holding in Brista Kraft AB and the Municipal Heating Network.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--March 31, 2000 Upplands Vasby Municipality MUNICIPALITY. The body of officers, taken collectively, belonging to a city, who are appointed to manage its affairs and defend its interests. and Birka Energi have reached agreement in respect of the transfer of the Municipality's 50-per-cent shareholding in Brista Kraft AB. This makes Birka Energi the sole owner of the company. Birka Energi will also take over the Municipality's directly owned district heating District heating (less commonly called teleheating) is a system for distributing heat generated in a centralized location for residential and commercial heating requirements. network. The net purchase price for the shares and the network is SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 116 million. The agreement is subject to approval by the Upplands Vasby Municipal Council and verification by the competition authorities. Brista Kraft AB owns and operates district heating production and sales in the municipalities of Sigtuna and Upplands Vasby. Upplands Vasby Municipality operates the district heating network on its own account. It supplies district heating equivalent to approx. 480 GWh. Brista Kraft also has 34,000 electricity customers, and its sales of electricity amount to approx. 800 GWh. Last week Birka Energi reached agreement on the acquisition of Sigtuna Energi AB, which owns the other 50 per cent of the shares in Brista Kraft. "It is gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to know that we have reached an agreement with Birka Energi which will safeguard our supplies of district heating," says Vanja Edwinson, Chairman of the Central Executive Committee of Upplands Vasby Municipality. "Our position was decided partly by the fact that Birka Energi is a highly competent player in the district heating sector, and partly by the fact that Birka Energi has met the Municipality's major district heating customers and reached agreement with them in respect of long-term and sound supply contracts. We will also strengthen the Municipality's finances by paying off loans, lowering our interest charges and reducing our exposure to risk by dispensing dispensing provision of drugs or medicines as set out properly on a lawful prescription. A prescription can only be filled, the drugs supplied, by a registered pharmacist, veterinarian, dentist or member of the medical profession. with guarantee commitments." Birka Energi's MD, Tomas Bruce, sees Brista Kraft AB as an important contribution to the task of integrating and increasing the efficiency of the district heating system in the Stockholm region. "We already have one of Europe's most efficient and most environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] energy systems. With Brista Kraft AB and the network in Upplands Vasby, we will be in a position to optimise optimise - To perform optimisation. the system even further," says Tomas Bruce. Birka Energi is one of Scandinavia's largest energy companies with approx. 850,000 customers, an electricity turnover of approx. 26 TWh, heating sales of 8 TWh and a turnover of approx. 13,000 million kronor. The City of Stockholm and Fortum Abp each own half of Birka Energi. Please visit http://www.bit.se for further information The following files are available for download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. : http://www.bit.se/bitonline/2000/03/31/20000331BIT00130/bit0001.doc http://www.bit.se/bitonline/2000/03/31/20000331BIT00130/bit0002.pdf |
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