Arise is Negotiating the Sale of a Wind Farm
Arise AB (STO:ARISE) (STO:AWP)
Arise has for a period of time been in talks with KumBro Vind AB regarding the sale of a wind farm containing three wind turbines with a total capacity of 5.4 MW. KumBro Vind AB is jointly owned by the municipalities of Örebro and Kumla. If the city council of Örebro on the 22nd of April and the city council of Kumla on the 23rd of April approve the decision to acquire the wind farm a sale and purchase agreement will be entered into.
Halmstad 4 April, 2014
ARISE AB (publ)
The information contained herein constitutes information which Arise AB is legally required to publish under the Swedish Securities Market Act (2007:528) and/or the Swedish Financial Instruments Trading Act (1991:980). The information was released for publication at 09.15 a.m. on 4 April 2014.
Arise is one of Sweden's leading companies in onshore wind power. Its business concept is to sell electricity generated at the company's own wind turbines. The company's target is to have 1,000 MW of onshore wind power constructed and under management by 2017, of which 500 MW will remain in the ownership of the company. Arise is listed on NASDAQ OMX Stockholm.
Arise AB (publ), P.O. Box 808, SE-301 18 Halmstad, Sweden, telephone +46 (0)35 20 20 900, corporate id .no. 556274-6726
For more information:
Arise Windpower (Headquarters)
Kristian IV:s väg 3, Box 808
Halmstad, Hallands Lan
Sweden, 301 18
Contact person:Leif Jansson, Director Investor Relations
Tel: +46 707 340 554