Reference is made to the detailed stock exchange dated 9 May 2019 from Aega ASA regarding the agreement of quota sale and the subsequent update on 24 May 2019. Where Aega ASA agreed to sell all its solar power plants to Italia T1 Roncolo S.r.l (the "Buyer"), a subsidiary of Mareccio Energia and the only remaining hurdle before closing is the approval of change of control by the financial institutions providing the senior debt.
After signing the agreement of quota sale both Aega and the Buyer have worked together continuously with the financial institutions to get the approval of the transaction. So far two of the eight solar parks have received written approval, and the remaining discussions are in a progressed stage. However, since the transaction normally will not be closed before we receive the last approval, Aega management guidance remains as previously stated; that the transaction is expected to be closed within the end of the third quarter of 2019.
ENDS
For further information, please contact:
Markus Enge, CEO of Aega ASA, tel: +47 225 60 600, email: mhe@aega.no