Morphic Technologies AB announced that it has signed an agreement to sell ScanWind to GE's GE Energy at a purchase price of SEK130 million. The transaction is expected to be completed early September.
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The acquisition of Scanwind is made at a purchase price of SEK130 million on a cash and debt free basis for 100% of the shares in Scanwind. Out of the consideration Morphic receives 81.55% and the minority owner of Scanwind, Nord-Trøndelag Elektrisitetsverk Holding AS (NTE) the remaining 18.45%.
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