Cloudberry Clean Energy AS | Withdrawal from potential M&A transaction
Oslo, Norway, 27 November 2020: Reference is made to the stock exchange notice dated 13 November 2020 (the “Stock Exchange Notice”) regarding Cloudberry Clean Energy AS’ (“Cloudberry” or the “Company”) engagement in a potential M&A transaction involving Nordic renewable assets.Cloudberry has over the last weeks participated in a structured sales process for potentially acquiring a Nordic independent power producer (IPP) (the “Transaction”). The Company has a strict policy of not compromising on its return requirements for producing and development assets, and the valuation gap between the