EKZ, UBS Clean Energy Infrastructure Switzerland and Canton Grisons to acquire a 12.69% stake in Repower from Axpo.

EKZ, a firm operating in the energy sector, UBS Clean Energy Infrastructure Switzerland and Canton Grisons to acquire a 12.69% stake in Repower, an operator of an energy sales and service company, from Axpo, a firm that produces, trades and sells energy. Financial terms were not disclosed. “The decision to sell our minority share in Repower AG is consistent with our corporate strategy which includes the divestment of non-strategic shareholdings. The sale enhances our financial leeway, particularly in view of the expansion of wind and PV in Switzerland and internationally," Joris Gröflin, Axpo CFO.