Savosolar Oyj has signed a conditional share exchange agreement by which it will buy maritime logistics company Meriaura Oy and biofuel company VG EcoFuel Oy from VG-Shipping Oy. After the merger, VG Shipping will become the majority owner of Savosolar Oyj.
Together, Savosolar, Meriaura and VG EcoFuel can respond to the growing demand for solutions based on renewable energy and to make up for the lack of supply in the market. The owners of Savosolar will receive a 30 percent stake in the new entity, VG Shipping owns 70 percent of the shares.
A press conference for analysts, investors and journalists was organized as a webinar on August 29, at 10:00 a.m. (CEST).
Meriaura Oy’s and VG EcoFuel Oy’s company presentation