Arise announces its largest and most profitable project sale to date
Arise AB (publ) (”Arise”) has entered into an agreement with a fund managed by Foresight Group LLP (”Foresight”), a UK based leading independent infrastructure and private equity investment manager, for the sale of the 277 MW wind farm Kölvallen (the “Project”). Closing occurred today. The total consideration from the divestment of the Project amounts to approximately EUR 100 million, of which EUR 75 million is fixed and paid on closing, and EUR 25 million is variable consideration payable upon completion of the construction of the Project. The divestment is expected to have a