Brief: Cloudberry Clean Energy Boosts Hydro Power Portfolio

Cloudberry Clean Energy ASA

09/06/2022 13:02

June 9 (Reuters) - Cloudberry Clean Energy ASA  CLOUD.OL :
    * BOOSTS HYDRO POWER PORTFOLIO
    * HAS SECURED BØEN KRAFT HYDRO POWER PLANTS THROUGH A SIGNED
SHARE
PURCHASE AGREEMENT OF 100% OF SHARES IN BØEN KRAFT AS
    * ACQUISITION BOOSTS OPERATIONAL PORTFOLIO OF COMPANY WITH
AN
EXPECTED AVERAGE PRODUCTION OF 17 GWH PER YEAR AND INCLUDES A
DEVELOPMENT PROJECT
    * NOK 16.2 MILLION OF PURCHASE PRICE WILL BE SETTLED THROUGH
ISSUANCE OF 935 020 NEW SHARES IN CLOUDBERRY
    * REMAINING PART OF PURCHASE PRICE WILL BE SETTLED THROUGH
CASH
PAYMENTS
    * TRANSACTION WILL CLOSE ON 10 JUNE 2022

Source text for Eikon:  ID:nWkr4ybszx 
Further company coverage:  CLOUD.OL 

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