Brief: Arise Announces Divestment Of Fasikan To SCA

Svenska Cellulosa Aktiebolaget SCA

20/10/2023 07:35

Oct 20 (Reuters) - Arise AB  ARISE.ST :
    * ARISE ANNOUNCES DIVESTMENT OF FASIKAN TO SCA
    * AGREEMENT WITH SCA, EUROPE'S LARGEST PRIVATE FOREST OWNER,
FOR
SALE OF 105 MW WIND FARM FASIKAN
    * TRANSACTION COVERS ALL SHARES IN FASIKAN VIND AB AT AN
ENTERPRISE VALUE OF APPROXIMATELY SEK 1.6 BILLION.
    * PROJECT IS SOLD IN READY-TO-BUILD STATUS AT A SHARE
PURCHASE
PRICE OF APPROXIMATELY SEK 125 MILLION

Source text for Eikon:  ID:nWkr1WDctP 
Further company coverage:  ARISE.ST 

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