By Wendy Van Sickle
Columbus, Ohio, June 14 – Scatec Solar ASA said it completed a NOK 600 million private placement of stock. The deal was conducted by bookrunners Nordea Bank AB (publ), filial i Norge, Pareto Securities AS, Sparebank 1 Markets AS and ABN AMRO Bank NV.
The company sold 10 million shares at NOK 60 per share.
The issue took place through an accelerated bookbuilding process after close of markets on June 12. The placement attracted interest from existing shareholders as well as new institutional investors, according to a press release.
Proceeds will be used to accelerate growth, including near term equity investments in large scale solar projects.
Scatec Solar is an integrated independent power producer based in Oslo.
| Issuer: | Scatec Solar ASA
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| Issue: | Stock
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| Amount: | NOK 600 million
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| Shares: | 10 million
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| Price: | NOK 60
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| Warrants: | No
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| Bookrunners: | Nordea Bank AB (publ), filial i Norge, Pareto Securities AS, Sparebank 1 Markets AS and ABN AMRO Bank NV
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| Placement date: | June 12
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