A purchase agreement between RAH Net and Videbæk Energiforsyning is in place. The last thing that is missing for RAH Net to take over the electricity grid in Videbæk is the approval of the extraordinary general meeting in Videbæk Energiforsyning, an extraordinary general meeting in RAH a.m.ba, which must make the grid customers in Videbæk shareholders in RAH, and a formal authority approval. This is stated by RAH Net in a press release.
Through recent years, the amount of administrative tasks has increased significantly in Videbæk Elnet, and the extra burden is estimated to increase in the coming years. Therefore, the board of Videbæk Energiforsyning assessed that it would be prudent to enter into negotiations about a sale to RAH Net.
- We are very confident that it is RAH that is buying up our electricity grid. We have the same values, the same West Jutland point of view and we think cooperatives in the same way. RAH is the right buyer – both for us and our shareholders, says Videbæk Energiforsyning chairman Bent Stræde.
Jacob Møller, director of RAH, is happy to buy a power grid in particularly good condition.
- Videbæk Energiforsyning has operated their network company for UG. Videbæk Elnet and RAH Net are both notoriously at the best end of the energy industry's benchmarking, and this means that we are taking over an electricity network in top form. In relation to our shareholders, the purchase also makes sense, as it provides some synergy effects that everyone benefits from. We will have more shoulders to carry the burden, and that is only a plus for our shareholders, he says.
The price for the electricity grid in Videbæk has not yet been published, but both parties agree that price and terms are a shareholder matter and will be disclosed and explained at the respective general meetings.
- But it is an agreement that both parties are extremely satisfied with and that creates two winners, Bent Stræde and Jørgen Poulsgaard say in agreement.
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