Brief: Orron Energy Sells Its 50 Percent Interest In Leikanger Hydropower Plant For About EUR 53 Mln

Orron Energy AB

12/04/2024 13:03

April 12 (Reuters) - Orron Energy AB  ORRON.ST :
    * SELLS ITS 50 PERCENT INTEREST IN THE LEIKANGER HYDROPOWER
PLANT
IN NORWAY FOR MEUR 53
    * SELL ITS 50% INTEREST IN LEIKANGER HYDROPOWER PLANT FOR
ENTERPRISE VALUE OF MNOK 613, ABOUT MEUR 53, TO EXISTING PARTNER
SOGNEKRAFT PRODUKSJON
    * TRANSACTION HAS AN EFFECTIVE DATE OF 1 JANUARY 2024 ON A
DEBT
AND CASH FREE BASIS
    * TRANSACTION EXPECTED TO CLOSE WITHIN Q2 OF 2024

Source text for Eikon:  ID:nGNE2YzCBk 
Further company coverage:  ORRON.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))