Folksam joins PWP
July 8, 2011
Proventus divests 33.3% of the shares in PWP to Folksam (Folksam Liv, Folksam Sak och KPA Pensionsförsäkring) and 8.3% to Foundation Asset Management. Through these transactions, Proventus reduces its shareholding in PWP from 75.0% to 33.3%, thereby creating an equal partnership where all three investors own 33.3% of the shares.
PWP is one of the largest on-shore wind power producers in Sweden, with six operational wind farms producing more than 250 GWh electricity annually. “We are very pleased to welcome Folksam into this long-term wind partnership” says Daniel Sachs, CEO of Proventus.
For further information, please contact:
Daniel Sachs, CEO, Proventus AB / +46-8-723 31 00