Fred. Olsen Renewables - divestment of 49% of two wind farms
Fred. Olsen Renewables Limited (“FORL”), a wholly owned subsidiary of Fred. Olsen Renewables AS (“FORAS”) which is wholly owned by Bonheur ASA (“BON”), has entered into an agreement with funds managed by Aviva Investors Global Services Limited (“Aviva Investors”) whereupon Aviva Investors will acquire a significant indirect minority shareholding in the wind farm companies Crystal Rig III Limited (“CRIII”) and Brockloch Rig Windfarm Limited (“BRW”). Aviva Investors will acquire a 49% shareholding in Fred. Olsen CBH Limited (“FOCBH”), a holding company owning CRIII and BRW as its only