Brief: Arendals Fossekompani Sells Cogen Energia To MET Group

Arendals Fossekompani ASA

28/07/2021 14:03

July 28 (Reuters) - Arendals Fossekompani ASA  AFK.OL :
    * ARENDALS FOSSEKOMPANI SELLS COGEN ENERGIA TO MET GROUP
    * HAS ENTERED INTO AN AGREEMENT WITH EUROPEAN ENERGY COMPANY
MET
GROUP FOR SALE OF COGEN ENERGIA.
    * FINANCIAL DETAILS ARE NOT DISCLOSED, BUT ARENDALS
FOSSEKOMPANI
EXPECTS TO RECORD A SMALLER PROFIT
    * SALE OF COGEN ENERGIA IS PART OF A STRATEGIC MOVE ON
ARENDALS
FOSSEKOMPANI'S PART, TO EXIT ALL FOSSIL FUEL POSITIONS.
    * IN 2020, COGEN ENERGIA REPORTED REVENUES OF NOK 516
MILLION AND
AN EBITDA OF NOK 46 MILLION.

Source text for Eikon:  ID:nObiPjYWfa 
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