Arise announces its largest project sale to date
Arise AB (publ) (“Arise”) has today entered into an agreement with funds managed by Foresight Group LLP (“Foresight”), a UK based leading independent infrastructure and private equity investment manager, for the sale of the 231 MW wind farm Skaftåsen (the “Project”). Closing of the transaction will occur today. At closing, Arise will receive a fixed consideration of approx. EUR 19.1 million. An additional EUR 6.4 million in variable consideration is expected to be received once construction of the Project has been completed. The sale is expected to have a positive impact on earnings of