Financing arrangements for Outokummun Energia Oy

Avance advised Skandinaviska Enskilda Banken AB (publ) in relation to financing arrangements for Outokummun Energia Oy in connection with the purchase by Aberdeen Standard Investments of a majority stake in the company from the City of Outokumpu. Outokummun Energia Oy is a regional energy business with a central role in the City of Outokumpu and with a history dating back to 1910.