Statkraft AS: BKK negotiations ended
(Thomson Reuters ONE) -
(Oslo 11 November 2013) The letter of intent from 24 January between
Bergenhalvøens Kommunale Kraftselskap (BKK), Haugaland Kraft, Sunnhordland
Kraftlag (SKL), Sognekraft and Statkraft has been has been terminated. It has
not been possible to reach agreement as regards the value of the assets
involved, and the efforts to achieve an agreement based on the intention to
implement changes in the ownership structure of BKK and power plants in western
Norway have therefore come to an end.
BKK is currently owned by Statkraft (49.9%), Bergen municipality (37.75%) and
16 other rural municipalities (12.35%).
The letter of intent was to form the basis for negotiations on a transaction
which would contribute to:
* Streamline ownership structures and facilitate closer industrial
collaboration between power companies in western Norway
* Facilitate sound industrial and economic development and growth for BKK,
while ensuring public-sector control and strong regional ties and management
* A divestment of Statkraft's shareholding in BKK
The negotiations based on the letter of intent have been lengthy and demanding,
with the parties actively trying to find solutions. In spite of this, it has not
been possible to agree upon a solution and find common ground as regards the
value of the assets involved in the transaction. The parties have therefore
agreed to end the process.
For more detailed information:
BKK:
Tonny Nundal, Executive Vice President Communication. Tel.: +47 90 59 58 45
tonny.nundal(at)bkk.no
Statkraft:
Knut Fjerdingstad, Press spokesperson. Tel.: +47 90 18 63 10
knut.fjerdingstad(at)statkraft.com
Sunnhordland Kraftlag:
Magne Heimvik, CEO. Tel.: +47 97 55 60 65
magne.heimvik(at)skl.as
Haugaland Kraft:
Olav Linga, Managing Director. Tel.: +47 91 16 13 24
olav.linga(at)haugaland-kraft.no
Sognekraft:
Terje Bakke Nævdal, Managing Director. Tel. +47 91 18 10 56
terje.naevdal(at)sognekraft.no
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Statkraft AS via Thomson Reuters ONE
[HUG#1742078]
Unternehmensinformation / Kurzprofil:
Datum: 11.11.2013 - 08:00 Uhr
Sprache: Deutsch
News-ID 314810
Anzahl Zeichen: 2895
contact information:
Town:
Oslo
Kategorie:
Business News
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