Shareholders in the Finnish energy company Teollisuuden Voima Oyj signed an additional shareholder loan commitment €400m that will help TVO maintain “a sufficient liquidity buffer and equity ratio” to complete the Olkiluoto-3 EPR project.
TVO said the additional shareholder loan commitment comprised of €400m in new subordinated shareholder loan agreements. “All of TVO’s shareholders signed the addition to the agreement and commitment concerning the shareholder loan arrangement in accordance with the proposal presented by TVO’s board of directors,” a statement said.
TVO said it has drawn all subordinated shareholder loans under previous shareholder loan commitments.
TVO said the additional shareholder loan commitment comprised of €400m in new subordinated shareholder loan agreements. “All of TVO’s shareholders signed the addition to the agreement and commitment concerning the shareholder loan arrangement in accordance with the proposal presented by TVO’s board of directors,” a statement said.
TVO said it has drawn all subordinated shareholder loans under previous shareholder loan commitments.
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