HPP assisted Norwegian GNP Energy AS on its acquisition of retail electricity sales portfolio


HPP was pleased to assist GNP Energy AS, a Norwegian listed energy company, on its acquisition of Lumo Energia Oyj’s retail electricity sales portfolio covering approximately 40,000 electricity sale agreements. Following the acquisition, GNP Energy will deliver approximately 350 GWh of electricity to Finland, meaning that its Finnish operations will be approximately equivalent in size to that of GNP’s Norwegian business operations.

The transfer of Lumo Energia’s customers to GNP Energy is expected to fully complete within August 2022.

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