A group of private investors spend about EUR 1.54 billion to acquire the electricity distribution network and heat businesses in Finland from Vattenfall. Lakeside Network Investments is a consortium consisting of 3i Infrastructure, 3i Group and GS Infrastructure Partners.
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European power firm Vattenfall is selling its electricity distribution and district heating businesses in Finland to a consortium of investors in a deal worth 1.5 billion euros ($2 billion), Reuters reported Friday. The buyer is Lakeside Network Investments, a consortium made up of 3i Infrastructure, 3i Group, GS Infrastructure Partners and Ilmarinen Mutual Pension Insurance Co.