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Sweden: Orrön Energy makes acquisition offer for Slitevind


M-Brain Nordic News  

 

    Swedish energy company Orrön Energy has submitted a recommended public acquisition offer for the Swedish wind energy company Slitevind at SEK 125 (EUR 12.09 USD 12.36) per share. The offer is recommended by Slitevind's board, and shareholders who control 49.5% of the shares have promised to accept the offer. The bid of SEK 125 corresponds to a premium of 30.0%. For the acquisition to pass, shareholders who own more than 90% of the shares in Slitevind must accept the offer. Accepts are invited from 2 August to 23 August 2022. According to Orrön Energy, Slitevind's wind power assets will provide diversification and scale for the company's assets. Slitevind's CEO Jonas Dahlström says that it is an attractive bid, considering the bid price and premium.

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