Polhem Infra and Nordic Infrastructure acquire additional stake in Solör Bioenergy Group

Existing shareholders, the Infrastructure investor Polhem Infra and the majority shareholder Nordic Infrastructure, acquires all Solör Bioenergy Group shares held by Highview Finance Holding Company DAC.

Solör Bioenergy Group announced today that Polhem Infra, wholly owned by the Swedish State Pension Funds AP1, AP3 and AP4 and Nordic Infrastructure, the original Solör Bioenergy Group founders holding company, have acquired 21.05% of the shares in Solör Bioenergy Group from the existing shareholder Highview Finance Holding Company DAC.

After this acquisition, Polhem Infra holds 40% and Nordic Infrastructure holds 60% of the shares in Solör Bioenergy Group.
“Solör Bioenergy Group is a leading wood-based district heating company with focus on the highest ESG standards. We are executing our growth strategy and will continue to be ambitious and action oriented while we continue to serve as an active and responsible partner to our clients,” says Martinus Brandal, Chairman & CEO of Solör Bioenergy.

“Nordic Infrastructure is a long-term owner, and we see a further growth potential in the Nordic market, leading to the increase of our shareholding,” adds Brandal.

The investment in Solör Bioenergy Group was the first for Polhem Infra after its foundation 2019. “The Group has a proven track record as an industry consolidator with several successful transactions since Polhem Infra ́s initial investment. Therefore, Polhem Infra took this opportunity to acquire additional shares, as we view Solör as an important and long- term investment. Polhem Infra will continue to focus on further enhancing the company’s position as a sustainable and responsible provider of district heating to its customers and society”, says Karin Karlström, acting CEO of Polhem Infra.

The parties have agreed not to disclose the purchase price.

For more information, contact:
Martinus Brandal
Chairman & CEO, Solör Bioenergy Group
+47 916 30 060
martinus.brandal@solorbioenergi.com

Oscar Lundquist Investments, Polhem Infra
+46 73 428 01 60
oscar.lundqvist@polheminfra.se

Polhem Infra
Polhem Infra invests in and manages infrastructure assets. The company was founded 2019 and is jointly owned by the Swedish state pension funds AP1, AP3 and AP4. The company focuses on direct investments in non-listed Swedish infrastructure companies in the private and public sector. The portfolio companies’ business shall provide essential public services and assets as for example renewable energy production, energy storage, energy distribution and digital infrastructure. Polhem Infra ́s goal is to become a preferred partner for both public and private players that invest in and manage infrastructure assets with focus on sustainable development – socially, environmentally and economically.

Solör Bioenergy Group
Solör Bioenergy Group provides essential energy services in Sweden, Norway and Poland. The Group produces wood-based bioenergy for the public and private sector including private households, municipalities, industrial customers and local/regional governments. The annual energy delivery amounts to approximately 3.0 TWh and the Group has approximately 10,000 customers and the equivalent of 235 000 users. The head office is located in Stockholm, Sweden. Read more about Solör Bioenergy Group at www.solorbioenergi.com.