Brief: Eolus And Hydro Rein Sell 75% Of Wind Power Project Stor-Skälsjön To MEAG

Eolus AB (publ)

15/04/2022 10:09

April 15 (Reuters) - Eolus Vind AB (publ)  EOLUb.ST :
    * EOLUS AND HYDRO REIN SELL 75% OF WIND POWER PROJECT
STOR-SKÄLSJÖN TO MEAG
    * EOLUS VIND - CO & HYDRO REIN HAVE SIGNED AN AGREEMENT WITH
MEAG
REGARDING SALE OF 75% OF SHARES IN 260 MW WIND POWER PROJECT
STOR-SKÄLSJÖN IN SWEDEN
    * TRANSACTION COVERS 75% OF SHARES IN PROJECT COMPANY AT AN
ENTERPRISE VALUE OF EUR 361.4 MILLION
    * EOLUS IS TO SELL ALL ITS SHARES AMOUNTING TO 51% FOR A
PURCHASE
PRICE OF EUR 18.4 MILLION
    * EOLUS VIND AB  - HYDRO REIN WILL SELL 24% OF SHARES FOR A
PURCHASE PRICE OF EUR 8.7 MILLION AND WILL REMAIN AS CO-OWNER OF
PROJECT WITH A 25% INTEREST
    * WIND FARM WILL COMPRISE 42 SIEMENS GAMESA SG 6.6-170 WIND
TURBINES
    * CONSTRUCTION HAS STARTED AND COMMISSIONING IS PLANNED FOR
AUTUMN
2023

Source text for Eikon:  ID:nGNE8R7pNs 
Further company coverage:  EOLUb.ST 

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