Arise AB: Arise Finalizes the Sale of Its 12.8 MW Bohult Wind Farm to a Fund Managed by Allianz Global Investors
Arise AB (publ) (STO:ARISE), has today finalized the sale of the 12.8 MW operating Swedish wind farm Bohult to a fund managed by Allianz Global Investors. The transaction was successfully completed on the terms communicated on 19 July 2016. The cash flow effect after repayment of project financing debt and cancellation of an interest rate swap was approximately SEK 90 million. This also includes the release of blocked accounts. The transaction will have a slight positive impact on Arise’s earnings in 2016.
Halmstad 8 November, 2016
ARISE AB (publ)
This information is information that Arise AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 14.30 CET on 8 November 2016.
