Eolus Vind AB
Eolus sale of 14 wind turbines to Munich Re has been completed
Hässleholm, 2013-07-11 17:40 CEST (GLOBE NEWSWIRE) --
All conditions for the completion of the transaction between Eolus and MEAG
regarding sales of 14 wind turbines to Munich Re have been fulfilled and the
transaction has been completed.
On May 23rd an agreement was signed regarding sales from Eolus to MEAG, Munich
Re:s asset manager, of the three Swedish wind farms Hakarp, Kaptensberget and
Åsen. The wind farms have an installed capacity of 30 MW and an annual
production of about 80 GWh. An agreement has also been made under which Eolus
will provide asset management services to the buyer related to the three wind
farms. All remaining conditions have now been fulfilled and the transaction has
MEAG stands for best practice asset management for Munich Re and ERGO. MEAG is
represented in Europe, Asia and North America and also offers its extensive
know-how to institutional investors and private clients from outside the Group.
MEAG currently manages assets to the value of around€ 239 billion.
This information was originally published in Swedish at 9 AM July 11th 2013.
For further information contact:
Per Witalisson, CEO, +46 10 199 88 02
Johan Hammarqvist, head of communications, +46 10 199 88 10
Eolus Vind AB is one of the leading wind power developers in Sweden. Eolus is
active in the value chain from development of green field projects to
establishment and operation of wind farms. Eolus offers attractive and
competitive investments both to local and international investors in the Nordic
and Baltic countries. Founded in 1990, Eolus has established over 400 wind
turbines of the approximately 2 500 wind turbines operating in Sweden. The
Eolus Group currently owns and operates 43 wind turbines with an installed
capacity of 63 MW and a yearly electricity production of 156 GWh. Eolus Vind AB
has approximately 3 100 shareholders. Eolus shares are listed at NASDAQ OMX
First North in Stockholm with Erik Penser Bankaktiebolag as certified adviser.
For more information about Eolus, please visit www.eolusvind.com