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Võru Sells Heating Company to German Operator
Võru Mayor Jüri Kaver and Germany's Danpower GmbH signed an agreement on August 23 for the sale of the municipally-owned Võru Soojus heating company.
Võru Soojus was sold in an public bidding process for the sum of 3.6 million euros.
Danpower said it will make investments into the company to improve heat production and long-distance heating networks, uudised.err.ee reported.
Danpower belongs to the German communal enterprise Stadwerke Hannover.
Võru Soojus employs 30 people and had a 2.5 million turnover in 2011.
Robin Ilves