Orron Energy rises on combination deal with Cloudberry

Cloudberry Clean Energy ASA

26/06/2026 09:42

** Shares in renewable energy companies Orron ORRON.ST and Cloudberry Clean Energy CLOUD.OL rise 5% and 11% respectively after they struck a merger deal in the Nordic region
** The transaction values the new entity at an EV of €234.6 million ($267.14 million)
** Orron will receive 27% of shares in the combined entity to become its largest shareholder alongside €4.2 million in cash
** "We calculate a NAV of SEK 9.1 per share, before a potential legal requirement linked to Sudan, based on futures prices", brokerage Aktiellt says 
** Following the transaction, Orron should have near zero net debt and has secured a credit facility of €50 million to fund continued growth, it adds
** Orron also notes the Hydroscrew wind farm remains with it and will provide stable long-term cash flows with an annual production of 290 gigawatt hours
($1 = 0.8782 euros)

(Reporting by Agnieszka Olenska)
((Agnieszka.Olenska@thomsonreuters.com;))