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Arise Announces the Sale of Its 7.2 MW Skogaby Wind Farm to a Fund Managed by Allianz Global Investors

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LAHOLM, Sweden--(BUSINESS WIRE)--Regulatory News: Arise AB (STO:ARISE) (“Arise”), has today entered into agreement for the sale of and sold the 7.2 MW operating wind farm Skogaby (the “Wind Farm”) to a fund managed by Allianz Global Investors (“AllianzGI”) for a consideration of SEK 110 million on a cash and debt free basis. An additional consideration may be payable to Arise based on future production improvement measures. In addition to the sale, Arise will operate the Wind Farm on behalf of

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