Adven sale progresses to second round

24 August 2020 - 12:00 am UTC

The sale process for Finnish district heating company Adven has advanced to the second round, with strategic players including JP Morgan Asset Management’s Swedish district heating business Varmevarden among the bidders circling the asset, sources said.

Initial bids for Adven, which is being sold by Infracapital and AMP Capital, were submitted early this month, multiple sources familiar with the process said.

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