The Swiss investment firm Partners Group is expected to sell the district heating company Gren, which operates in Finland, Estonia, Latvia, Lithuania and the United Kingdom, in a deal estimated to be worth €1.5 billion.In Estonia, Gren’s portfolio includes district heating networks in Tartu, Pärnu, Viljandi, Kohtla-Järve and Jõhvi.
Several individuals associated with Estonian business have informed ERR that the Swiss investment firm Partners Group is seeking a buyer for Gren.As is typical with mergers and acquisitions, all parties involved have signed confidentiality agreements, preventing public commentary on the matter.
At the same time, Gren is currently restructuring its operations.
Read more: ERR.EE
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