Estonia's Alexela is to buy the natural gas portfolio of Adven Eesti and the latter is to buy Gaasienergia AS with the distribution network from Alexela based on a contract signed in mid-February.
The transaction, which substantially grows the natural gas customer base of Alexela and by nearly 65 kilometers Adven's natural gas network, will provide both companies with the chance to focus on their main activity, the companies said.
"We wish to offer our customers complete energy solutions and the expanded natural has portfolio will enable us...
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