Brief: Skeljungur Unit Magn Wins Tender To Construct And Operate Windmill Park In Faroe Islands

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02/10/2019 13:07

Oct 2 (Reuters) - Skeljungur Ltd  SKEL.IC :
    * REG-SKELJUNGUR HF.: P/F MAGN WINS TENDER AND ANTICIPATES
IN
COOPERATION TO CONSTRUCT AND OPERATE A WINDMILL PARK IN THE
FAROE ISLANDS
    * IN EVENT OF INVESTMENT, IT WILL BE IN COLLABORATION WITH
FAROESE
PENSION FUND LÍV. LÍV WILL OWN 60% OF EQUITY IN SPV BUT MAGN
40%.
    * LÍV WILL OWN 60% OF EQUITY IN SPV BUT MAGN 40%
    * TOTAL PROJECT INVESTMENT IS ESTIMATED TO BE APPROXIMATELY
ISK
2,200M, WITH DEBT FINANCING AVAILABLE FOR 70 TO 80% OF AMOUNT
    * P/F MAGN'S INVESTMENT WILL BE A MAXIMUM OF ISK 300M

Source text for Eikon:  ID:nGNE22lySd 
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