First Sentier’s Nordion to buy FEAB

21 December 2020 - 12:00 am UTC

First Sentier Investors has agreed to acquire Swedish utility business Falbygdens Energi AB (FEAB) through its portfolio company Nordion Energi from Infracapital, the latter said on Monday (21 December).

Nordion Energi, which was formed a year ago from the merger of Swedish gas companies Swedegas and Weum Gas, saw off competition form Equitix, Polhem Infra and Vauban Infrastructure, which were shortlisted last month.

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