Brief: Aquila Capital Has Acquired The Shares In Øyfjellet Wind AS

Eolus AB (publ)

20/12/2019 18:39

Dec 20 (Reuters) - Eolus Vind AB (publ)  EOLUb.ST :
    * REG-AQUILA CAPITAL HAS ACQUIRED THE SHARES IN ØYFJELLET
WIND AS
    * TRANSACTION COVERS SALE OF 100% OF SHARES OF PROJECT
COMPANY
THAT HOLDS ALL PROJECT RIGHTS FOR WIND POWER PROJECT
    * EOLUS VIND - PARTIES HAVE SIGNED A CONSTRUCTION MANAGEMENT
AGREEMENT BY WHICH EOLUS WILL MANAGE CONSTRUCTION OF WIND FARM
ON BEHALF OF AQUILA CAPITAL
    * CONSTRUCTION OF THE WIND FARM WILL BE FINANCED BY AQUILA
    * REVENUES AND COSTS FOR PROJECT WILL BE ACCOUNTED FOR BY
EOLUS
ACCORDING TO PERCENTAGE OF COMPLETION METHOD
    * CO'S TOTAL PRELIMINARY REVENUE WILL AMOUNT TO EUR 441
MILLION
    * AN AGREEMENT HAS ALSO BEEN SIGNED WITH HELGELAND KRAFT FOR
GRID
CONNECTION AT THE NATIONAL GRID SUBSTATION IN MARKA

Source text for Eikon:  ID:nGNEc5mj7s 
Further company coverage:  EOLUb.ST 

 ((Reuters.Briefs@thomsonreuters.com;))