Arise AB (publ) (STO:ARISE), has finalized the sale of the 12.8 MW operating Swedish wind farm Bohult to a fund managed by Allianz Global Investors. The transaction was successfully completed on the terms communicated on 19 July 2016.
The cash flow effect after repayment of project financing debt and cancellation of an interest rate swap was approximately SEK 90 million. This also includes the release of blocked accounts. The transaction will have a slight positive impact on Arise's earnings in 2016.
Halmstad 8 November, 2016
ARISE AB (publ)
This information is information that Arise AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 14.30 CET on 8 November 2016.
About Arise
Arise is one of Sweden's leading wind power companies with the business concept to develop, build and manage onshore wind farms for its own account and on behalf of investors. The company is listed on NASDAQ OMX Stockholm.
For more information
Kristian IV:s väg 3, Box 808
Halmstad Hallands Lan
Sweden 301 18
www.arisewindpower.se/en
Linus Hägg, Head of Corporate Finance
Arise AB
info@arise.se
www.arise.se
+46 702 448 916
Daniel Johansson
CEO Arise AB
+46 (0)35-20 20 900
