Wednesday, 21 January 2015

Conditions for first part of the transaction between Eolus and ewz fulfilled

KUALA LUMPUR, Jan. 21 (Bernama) -- All conditions for the completion of the first part of the transaction that Eolus has signed with ewz regarding the sale of 29 wind turbines have been fulfilled and the buyer have taken over the wind farms Ramsnas, Alered and Mungserod.

In conjunction with the takeover Eolus have received EUR 56 million of the total purchase amount of 95 million.

The fourth wind farm, Skalleberg, is under construction and the buyer ewz will take over the wind farm as soon as it is completed, which is scheduled to be during the first calendar quarter of 2015.

For further information contact:
Per Witalisson, CEO, +46 10 199 88 02
Johan Hammarqvist, head of communications, +46 10 199 88 10

Eolus Vind AB discloses the information provided herein pursuant to the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for publication on January 20th at 3.15 PM.

http://mrem.bernama.com/viewsm.php?idm=23740

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