Brief: Skandia's Elkompis Sells Its Customer Portfolio To Klarkraft

Skandia Greenpower AS

25/07/2023 12:25

July 25 (Reuters) - Skandia Greenpower AS  SKAND.OL :
    * ELKOMPIS SELLS ITS CUSTOMER PORTFOLIO TO KLARKRAFT
    * SKANDIA GREENPOWER'S SUBSIDIARY ELKOMPIS HAS TODAY ENTERED
INTO
AGREEMENT TO SELL MAJORITY OF ITS CUSTOMER PORTFOLIO TO
KLARKRAFT
    * AFTER TRANSFER OF CUSTOMER PORTFOLIO, KLARKRAFT WILL HAVE
TOTAL
CUSTOMER BASE OF ABOUT 13,000 ELECTRICITY CUSTOMERS
    * AGREEMENT MEANS THAT AROUND 3,700 CUSTOMERS WILL BE
TRANSFERRED
FROM ELKOMPIS TO KLARKRAFT AS OF 1 SEPTEMBER 2023
    * SETTLEMENT WILL BE SHARES IN KLARKRAFT AND AFTER
TRANSACTION IS
COMPLETED, SKANDIA GREENPOWER WILL HAVE AN ESTIMATED OWNERSHIP
OF BETWEEN 17% AND 18% OF KLARKRAFT
    * FINAL COMPLETION OF TRANSACTION IS EXPECTED IN MIDDLE OF
FOURTH
QUARTER OF 2023

Source text for Eikon:  ID:nObinVsY9a 
Further company coverage:  SKAND.OL 

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