HNA - SALE OF TINDRAS SHARES IN KRAFTINOR
Hafslund ASA's (HNA) wholly owned subsidiary, Tindra AS, has today made an agreement with Lofotkraft Produksjon AS to transfer Tindra`s ownership share of 49% in the energy retail company Kraftinor AS. The sale price is MNOK 53,9. The accounting profit is MNOK 22,4 which will be accounted for in 4. quarter 2002. In addition a loan of MNOK 17,4 will be repaid to Hafslund.
The transaction is dependent on approval from the boards in the companies within 25 November 2002.
The sale of Kraftinor is a part of Hafslunds strategy to free up capital and to concentrate on core business.
Oslo, 30 October 2002
For further information, please contact;
+47 22 43 56 43
+ 47 958 43 933