Arise has concluded an agreement with KumBro Vind AB for the sale of the
operational Stjärnarp wind farm for a consideration of SEK 83 million. The farm
consists of three wind turbines with a combined output of 5.4 MW. The parties
have also concluded a management agreement under which Arise will manage and
monitor the operation of the facility on behalf of KumBro.
The transaction is in line with the communicated strategy and will reduce the
company’s net debt by the amount of the consideration. The deal is also expected
to have a positive impact on earnings for the year.
Halmstad 3 December, 2014
ARISE AB (publ)
For further information, please contact
Peter Nygren, CEO Arise AB, +46 706 300 680
The information contained herein constitutes information which Arise AB is
legally required to publish under the Swedish Securities Market Act (2007:528)
and/or the Swedish Financial Instruments Trading Act (1991:980). The information
was released for publication at 14.15 p.m. on 3 December 2014.
About Arise
Arise is one of Sweden's leading onshore wind power companies. The
company´s business concept is to develop, build and manage wind farms for its
own and investors´ account with the aim of selling electricity produced by
onshore wind turbines. Arise is listed on NASDAQ OMX Stockholm.
Arise AB (publ), P.O. Box 808, SE-301 18 Halmstad, Sweden, telephone 46 (0)35 20
20 900, corporate id .no. 556274-6726
E-mail info@arise.se, www.arise.se
