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Announced

Completed

TrønderEnergi and Stadtwerke Munchen completed the acquisition of a 51% stake in Fosen Vind from Statkraft for $67m.

Financials

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Transaction Value£49m
Consideration TypeCash
Capital Owned-
Capital Bid For51%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Alternative Fuels

Private

Completed

Acquisition

Majority

Cross Border

Norway

Friendly

wind farm

Synopsis

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TrønderEnergi, a retailer of electricity, and Stadtwerke Munchen, a municipal utilities company, completed the acquisition of a 51% stake in Fosen Vind, a wind farm, from Statkraft, a hydropower company, for $67m. Fosen Vind has a total of 206 turbines with an installed capacity of 801 MW. The original ownership structure still stands, where Statkraft has 52.1%, Nordic Wind Power 40% and TrønderEnergi 7.9%.

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