Buyers approved agreements on E-CO Vannkraft and Rana

03.09.2004 08.00 | stock exchange information

15 July 2004 Statkraft made public agreements with a Finnish consortium consisting of EPV, KV and Outokumpu. Under the agreements Statkraft is divesting its 20% shareholding in E-CO Vannkraft AS, and the consortium acquires 65% of the electricity production at the Rana power station for a period of 15 years. The board of directors of EPV, KV and Outokumpu have now approved the agreements. The agreements are described in notice to the stock exchange dated 15 July 2004.