International Wind Energy sells administrative business to Momentum Group in speedy transaction
Bech-Bruun assisted International Wind Energy A/S in its divestment of its overall administrative business, involving approx. 130 MW German and English wind turbines and solar plants, to Momentum Gruppen A/S.
The transaction was completed at the same time as the Momentum Group acquired another administrative business including another approx. 85 MW located in England, Germany and Sweden, and it is expressive of a consolidation of the sector.
Going forward, International Wind Energy A/S will focus on acquiring, selling and arranging investment projects within the wind and solar industries.
The transaction was completed at a rapid pace, and the efficient procedure led to closing on 2 January 2017.
Press release attached. See also International Wind Energy's press release.