Brief: Cloudberry Clean Energy Says Sale Of Assets Worth NOK 703 Mln Will Create Significant Value

Cloudberry Clean Energy ASA

16/06/2023 17:13

June 16 (Reuters) - Cloudberry Clean Energy ASA
 CLOUD.OL :
    * | SALE OF ASSETS DEMONSTRATING SIGNIFICANT VALUE CREATION
AND
ENABLING NEW PROJECT DEVELOPMENTS
    * TOTAL TRANSACTION VALUE IS NOK 703 MILLION
    * TRANSACTION IS STRUCTURED AS A SHARE SALE OF ÅMOTSFOSS
KRAFT AS,
SELSELVA AS AND NESSAKRAFT AS
    * SALE OF THESE ASSETS WILL REALIZE SIGNIFICANT RETURN FOR
CO AND
GENERATE FREE CASH OF ABOUT NOK 500 MILLION
    * EQUITY VALUE OF SHARES TO BE SOLD IS NOK 511 MILLION,
REALIZING
A SIGNIFICANT GAIN FOR CLOUDBERRY
    * CLOUDBERRY'S OPERATION SEGMENT WILL CONTINUE TO OPERATE
ASSETS
GOING FORWARD

Source text for Eikon:  ID:nWkr7k3PHL 
Further company coverage:  CLOUD.OL 

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