Waselius & Wist advised Vapo Terra Oy in the sale of Vapo Terra’s pellet factory in Turenki, Finland to Versowood Oy. Waselius & Wist also advised Vapo Terra Oy in the tentative transaction concerning the sale of production machinery in Vapo Terra’s pellet factory in Vilppula, Finland, which is contemplated to take place in 2025.
Vapo Terra Oy, a wholly owned subsidiary of Neova Group, is focused on the sale of energy peat, the production and sale of energy pellets, wind and solar power projects, and real estate development. Vapo Terra Oy’s expected annual turnover in 2023 is approximately EUR 100 million.
Versowood is Finland’s largest private producer of sawn timber and further processed goods with a turnover exceeding EUR 500 million.