Cloudberry Clean Energy ASA | Entered into a letter of intent to strengthen its business through acquisition of a Nordic developer and operator of hydro and wind power
Oslo, Norway, 17 November 2021: Cloudberry Clean Energy ASA (“Cloudberry” or the “Company”) has entered into a letter of intent with Captiva Capital Partner AS related to the potential acquisition of 60% of the Captiva Group (hereafter “Captiva”). If completed, the transaction will significantly strengthen the Company’s capabilities especially within development and operations of renewable assets. Cloudberry sees a significant value creation potential through the acquisition and expects strong earnings contribution in the coming years.“Cloudberry has already gained a leading position as