Arise announces divestment of Fasikan to SCA
Arise AB (publ) (”Arise”) has entered into an agreement with SCA, Europe’s largest private forest owner, for the sale of the 105 MW wind farm Fasikan (the ”Project”). Closing occured today. The transaction covers all the shares in Fasikan Vind AB at an enterprise value of approximately SEK 1.6 billion. The project is sold in ready-to-build status at a share purchase price of approximately SEK 125 million. The purchase price includes a variable portion which is dependent upon how construction of the project progresses in relation to budget. Furthermore, Arise will manage the construction