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Radius

SEAS-NVE acquires Radius in billion-kroner transaction

 

Case

SEAS-NVE acquires Radius in billion-kroner transaction

The energy and fibre-optic group SEAS-NVE has acquired Ørsted’s electricity distribution business (Radius), retail customer business and exterior lighting for DKK 21.3bn on a cash and debt-free basis.

The acquisition means that SEAS-NVE may push the energy system in an even greener direction. As a result of the acquisition, SEAS-NVE is strengthened by 750 employees from Ørsted.

Accura advised in connection with the financing of SEAS-NVE’s acquisition of Radius.

Read more about the transaction here (Danish).