Downing Renewables Buys Eight Swedish Hydropower Plants for EUR65 Million -- Deal Digest
December 21 2020 - 3:32AM
Dow Jones News
By Ian Walker
ACQUIRER: Downing Renewables & Infrastructure Trust PLC
SELLER: Fortum Sweden AB
TARGET: Portfolio of eight Swedish operational hydropower
plants
PRICE: 65 million euros ($79.7 million)
EXPECTED CLOSE: February 2021
RATIONALE: Project forms part of the further renewable energy
and infrastructure investments identified by Downing LLP and
disclosed in the company's prospectus dated Nov. 12.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
December 21, 2020 04:17 ET (09:17 GMT)
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