Acquisition of V.O.F. Hunzestroom by Coöperatie AVEBE U.A.

Transaction
AVEBE has acquired the remaining stake of 50% in Hunzestroom en Dobbestroom from Essent. Rembrandt Mergers & Acquisitions acted as exclusive financial advisor to AVEBE.

Parties
Hunzestroom and Dobbestroom are two cogeneration plants that provide electricity and steam. The generated steam en electricity is partially used for the production process of AVEBE. Rembrandt advised AVEBE on this acquisition.

AVEBE is an international producer and marketer of potato starch. Approximately 2600 farmers are connected to the co-operation AVEBE. For more information see www.avebe.nl. Essent is a Dutch energy supplier active in the The Netherlands and Belgium. Essent is a subsidiary of the German RWE since 2009. For more information see www.essent.nl.

The cogeneration plants are important for of the production process of AVEBE. AVEBE now has full control over its steam and electricity production.
Top