Imatran Voima, Finlands largest power company, acquired thirty-four per cent of the Swedish power company Gullspsngs Kraft A.B. (GKA) for a price of approximately 430 million U.S. dollars. The shares will give Imatran Voima 43.6 per cent of the votes in GKA. GKA has shares in 157 hydroelectric power stations and in the nuclear plants of Forshamn and Oskarshamn, and has a total capacity of 2000 megawatts. Its last year turnover was approximately 51 million U.S. dollars.
GKA sells power mainly to the industry and to distributors, but it also to consumers. Accordingly, the company has over 200 000 customers in Sweden, much more than the larger Imatran Voima has in Finland.
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