The acquisition of the ownership stake in Horisont Energi will be carried out as a private placement directed at E.ON, by which E.ON will acquire 5.7 million shares in Horisont Energi at NOK 65 per share, bringing E.ON’s total investment in the company to NOK 370.9 million. The placement is planned to be completed by the end of January 2022.
E.ON will contribute to the cooperation with its carbon capture and liquidation business, and Patrick Lammers, member of the board of E.ON, says the following about the cooperation in a joint press release on Wednesday: - Collaborating with Horisont Energi will enable us to be a first mover in the future industrial carbon cycle business, that will be a key driver in European industrial and municipal decarbonization in the second half of the decade.
Arntzen de Besche has for some time worked closely with E.ON’s stellar M&A and commercial team on the transaction, which on the legal side is headed by experienced Senior Legal Counsel, Dr. Tobias Rösner. We congratulate the parties with the outcome. Arntzen de Besche’s team is led by Energy Department partner Anders Rødland, and the core team consists of Henrik Braavold Johansen, Stein Ove Solberg, Tommy Dahlen, Elisabeth Eriksson, and Jostein T. Sakkestad.
