European Energy A/S: Agreement signed for the sale
Post# of 301275
Corporate announcement 6/2016
The European Energy Group today signed a conditional agreement for the sale of three wind parks in Finland with a total nameplate capacity of 17.25 MW to a Luxemburg based investment fund managed by re:cap, an asset manager for renewable energy investments based in Switzerland.
The European Energy Group owns 100 % of the wind farms sold which are currently under construction and expected to be connected to the grid in the second quarter of 2017. The wind farms consist of a total of 5 Vestas V126 3.45 MW turbines.
The sale is conditioned upon a number of customary conditions precedent including completion of construction and grid connection of the turbines.
Completion of the sale will contribute positively to European Energy A/S' financial position.
Contact information: European Energy A/S Jens-Peter Zink, chairman of the board jpz@europeanenergy.dk ph. + 45 2047 8220
This announcement has been made in accordance with the market abuse regulation (regulation (EU) no. 596/2014 on market abuse).
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