Alexela

Alexela Group is an Estonian holding company. Its three areas of activity are energy, the metal industry, and property development.[1] The majority of the group's shares are owned by Estonian businessman Heiti Hääl.

History

The first company of the group, trailer manufacturer AS Bestnet, was established in 1990. The fuel retail company fuel retailer AS Alexela Oil was established in 1993. In 2002, a petroleum product terminal was opened in Paldiski, Estonia, and in 2007, in Sillamäe, Estonia. In March 2006, Alexela Oil purchased from YX Energi the Uno-X chain in Estonia, Latvia, and Lithuania.[2] In 2009–2010, it sold its service stations in Lithuania to Neste Oil and in Latvia to LR īpašumu aģentūra.[3][4]

In 2006, a hot dip galvanising services provider AS Paldiski Tsingipada (Zincpot) was established. In May 2007, Alexela Logistics bought the Norwegian oil terminal Vest Tank (now Alexela Slovaag) in Sløvåg Gulen, Sogn og Fjordane, Norway. On May 24, 2007, one day after the acquisition entered into force, an explosion occurred in a tank having severe environmental and health consequences for people living nearby.[5] According to the court ruling, the former owner of Vest Tank had to pay 160 million Norwegian krone to Alexela Solvaag to cover the costs of emptying the containers, renovating the terminal and liquidating the pollution caused by the explosion.[6]

The LNG terminal developer AS Balti Gaas was established in 2009. In 2011, Alexela bought a majority stake in the liquid gas retailer Reola Gaas from Neste.[7] In December 2011, Alexela bought a 50% stake in Kiviõli Keemiatööstus, a shale-oil producer.[8][9] In 2014, remaining stakes in Reola Gaas and Kiviõli Keemiatööstus, as also Gasum's Estonian business were acquired by Alexela.[10][11] In 2012, it created an electricity retailer Elektrimüügi AS.

The group was reorganized as a holding company in summer 2012. That time the group was controlled by Heiti Hääl and Kazakhstan's businessman Igor Bidilo who together owned 73.8% of the shares.[12] In 2014, Bidilo was bought out from the company and the main owners became brothers Heiti and Marti Hääl.[13][14]

In 2015, Reola Gaas was merged into Alexela Energia.[15] In 2018, Alexela purchased the electricity retailer 220 Energia.[1]

Operations

Energy

Alexela Group's energy-companies are Alexela Oil, Alexela Energia, Kiviõli Keemiatööstus, Alexela Logistics, and Balti Gaas.[8][16] Alexela Oil is an operator of service stations chain in Estonia. Alexela Energia is a seller of electricity and gas. [8] Kiviõli Keemiatööstus is a producer of shale oil. Balti Gaas is planning an LNG terminal in Paldiski. Together with Haminan Energia and Wärtsilä Alexela develops a LNG terminal in Hamina, Finland.[17]

Alexela Logistics is an oil transportation and logistics company, which through its daughter companies owns and operates oil terminals in Paldiski, Sillamäe (both in Estonia) and Sløvåg (Norway).[18][5] The company had a stake also in the terminal in Murmansk (Russia); however, this stake was sold in October 2007.[19] In addition to Heiti Hääl and management of the company, the major shareholder is Puma Energy, a subsidiary of Trafigura.[20]

Metal industry

AS Bestnet is a trailer manufacturer and S Paldiski Tsingipada (Zincpot) is a hot dip galvanising services provider.

Property development

AS OmaKoduMaja is a developer of industrial parks. Baltic Exchange is an owner of the historical building of the Baltic Exchange. The building was disassembled and transported to Estonia, where it was planned to be assembled in Tallinn.

See also

References
  1. "Alexela given permission to buy 220 Energia". ERR. 2018-08-03. Retrieved 2018-08-05.
  2. "Nordic fuel retailers take unmanned voyage east". Datamonitor. 2006-08-23. Retrieved 2012-02-05.
  3. Tere, Juhan (2011-12-23). "Alexela sells its Lithuanian business to Neste". The Baltic Course. Retrieved 2012-02-05.
  4. "Alexela Oil возвращается в Эстонию" [Alexela Oil returns to Estonia]. Telegraf (in Russian). 2010-03-24. Retrieved 2012-02-05.
  5. "Vest Tank sweetened coker gasoline". NRK. 2007-05-24. Retrieved 2012-02-05.
  6. Tere, Juhan (2009-07-08). "Norwegian court ruled in favour of Alexela Logistics in dispute with Vest Tank". The Baltic Course. Retrieved 2012-02-05.
  7. "Alexela ostis Neste gaasiäri" [Alexela bought the Neste gas business]. Delfi. 2011-08-01. Retrieved 2018-08-05.
  8. Tere, Juhan (2011-12-23). "Alexela will buy a half of Kiviõli chemicals company". The Baltic Course. Retrieved 2012-02-05.
  9. Tammik, Ott (2011-12-23). "Alexela Buys 50% Stake in Kiviõli Oil Shale Plant". ERR. Retrieved 2012-02-05.
  10. "Alexela Completes Kiviõli Oil Shale Plant Purchase". ERR. 2014-04-22. Retrieved 2018-08-05.
  11. "Gasum müüb oma Eesti tütarettevõtte Alexela Energiale" [Gasum sells its Estonian subsidiary to Alexela Energia]. Postimees. 2014-08-25. Retrieved 2018-08-05.
  12. "Estonian businessman consolidates companies under Alexela name". The Baltic Course. 2013-01-03. Retrieved 2013-01-03.
  13. "Hääl to Buy Remaining 50% of Alexela For €35 Million". ERR. 2014-11-05. Retrieved 2018-08-05.
  14. "Alexela Groupi Bidilolt välja ostmine läks maksma 35 miljonit eurot" [The purchase of Alexela Group from Bidilo cost €35 million]. Postimees. BNS. 2015-02-05. Retrieved 2018-08-05.
  15. "Alexela Energia ja Reola Gaas ühinevad" [Alexela Energia and Reola Gaas are merging]. Delfi. 2015-10-12. Retrieved 2018-08-05.
  16. "Связанные с Хейти Хяэлем предприятия будут объединены в Alexela Group" [Companies related to Heiti Hääl will be transferred into Alexela Group]. Delfi (in Russian). 2013-01-03. Retrieved 2013-01-03.
  17. Corkhill, Mike (2018-05-18). "Wärtsilä gets all-clear for Hamina LNG terminal". LNG World Shipping. Retrieved 2018-08-06.
  18. Zhdannikov, Dmitry; Pinchuk, Denis (2007-07-18). "Oil traders snap up Estonian terminals snared in row". Reuters. Retrieved 2012-02-05.
  19. Заводы, цистерны, офшоры, соседи [Plants, tanks, offshore, neighbors]. Novaya Gazeta (in Russian). 2011-04-19. Retrieved 2012-02-05.
  20. Бизнесмен: в Эстонии некуда инвестировать [Businessman: nowhere to invest in Estonia]. Den' za Dnem (in Russian). 2011-11-29. Retrieved 2012-02-05.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.