Arise enters a new phase following the sale of Jädraås
Arise has entered into an agreement with The Renewables Infrastructure Group (“TRIG”), a London-listed investment company advised by InfraRed Capital Partners, for the sale of its 50 % holding in Sirocco Wind Holding AB, (the “Transaction”), which owns the approx. 213 MW wind farm Jädraås, (“Jädraås”). From the Transaction Arise is expected to receive net proceeds corresponding to approx. MSEK 200, of which MSEK 195 upon closing of the Transaction and MSEK 5 later during the year. Closing of the Transaction is expected to occur in Q1 2019. The sale is expected to result in a pre-tax loss