Enefit Green

Globe Newswire - Dec 18th, 2024

Score 7.0

Merger between daughter companies

Enefit Green’s supervisory board decided today to give permission to Enefit Green’s management board to carry out a merger during 2025 to combine Tootsi Windpark OÜ (a part of Sopi-Tootsi wind farm), Enefit Wind Purtse AS (a part of Sopi-Tootsi wind farm, Sopi solar farm and Purtse hybrid farm) into Enefit Wind OÜ. Enefit Green AS owns 100% of all three companies. The rationale for the merger is to simplify and optimize Enefit Green’s group structure, combining completed development assets with the entity holding the majority of group’s Estonian production assets.