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Edda Wind AS — M&A Activity 2024
Feb 9, 2024
3585_iss_2024-02-09_5174b25e-6ad5-4ce0-8ca1-b99478d3e953.html
M&A Activity
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Sale of Edda Passat
Sale of Edda Passat
Haugesund, 9 February 2024: Edda Wind ASA (“Edda Wind” or the “Company”) today announces that the Company, through its subsidiary West Energy AS, has entered into a sale and purchase agreement regarding the sale of all outstanding shares in Puerto de Calella S.L., the registered owner of the vessel Edda Passat. The transaction is expected to take place during mid March 2024.
The proceeds from the sale will be used for general corporate purposes, including the repayment of outstanding debt related to Edda Passat.
The rationale for the sale of the vessel is to optimise the Company’s fleet strategy, including alignment of vessel design. The Company has eight dedicated offshore wind vessels under construction – one SOV and seven CSOVs, all with modern design and with large flexibility built in. All newbuild vessels are prepared for zero-emission utilising liquid organic hydrogen carrier and/or methanol as an energy source.
Edda Wind remains firm on its strategy to be a leading player within offshore wind and is currently the largest player in the space including all vessels under construction.
For further information, please contact:
Lars Stubhaug, VP Finance Edda Wind
Phone: +47 917 42 725
E-mail: [email protected]
Kenneth Walland, CEO Edda Wind
Phone: +47 916 93 418
E-mail: [email protected]
ABOUT EDDA WIND
Edda Wind is a leading offshore wind service company headquartered in Haugesund, Norway. The Company develops, builds, owns and operates purpose-built Service Operation Vessels (“SOV”) and Commissioning Service Operation Vessels (“CSOV”) for offshore wind farms worldwide.
Edda Wind is creating the next generation of offshore wind service vessels and works closely with partners to develop new technologies to reduce emissions without compromising operational capabilities or cost competitiveness.
The Company owns and operates three purpose-built offshore wind SOVs and three CSOV and has eight dedicated offshore wind vessels under construction – one SOV and seven CSOVs.
Read more: www.eddawind.com
This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Tom Johan Austrheim at Edda Wind ASA on the time and date provided above.