Arise acquires a majority stake in the Finnish company Pohjan Voima
Arise AB (publ) (“Arise”) has today entered into a strategic partnership with the Finnish onshore wind and solar company Pohjan Voima Oy (“Pohjan Voima”). Arise has agreed to acquire 51% controlling interest in the company and to provide financing to continue developing Pohjan Voima’s project portfolio. In addition, Arise shall also provide advisory services to support the company in preparing for the realisation of the project portfolio. The purchase price for the shares amounts to approx. EUR 12 million at closing with an additional purchase price of up to EUR 18 million payable upon