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Nevel transaction has been closed

The enterprise value of the transaction is approximately EUR 656 million. Vapo will recognise a tax-free sales profit of approximately EUR 490 million in the result for the first tertial of 2021.

As a result of the closing of the transaction, Vapo Board of Directors has today relieved Nevel Oy’s CEO from his duties in Vapo Group’s Management Team.


For further information, please contact:

  • Vesa Tempakka, CEO, Vapo Oy, tel. +358 40 072 6727
  • Jarmo Santala, CFO, Vapo Oy, tel. +358 40 801 9191