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Aberdeen Standard Investments – Acquisition of heating and gas network in Finland

Aberdeen Standard Investments has closed its acquisition of a stake in a municipal Finnish district heating and gas network in a deal understood to value the asset at around 25 times 2018 EBITDA. The City of Riihimäki completed the sale of a 49% stake in Riihimäen Kaukolämpö Oy to ASI on 28 February after the city council approved the transaction. The stake was sold at an enterprise value of EUR 51m