LM Group Holding A/S - LM Group Holding A/S (LM) announces the signing of an agreement with its joint venture partner for LM to purchase the remaining interest in LM Wind Power do Brasil S.A.

21.09.2015 07:54:53 CET

LM Group Holding A/S (LM) announces the signing of an agreement with its joint venture partner for LM to purchase the remaining interest in LM Wind Power do Brasil S.A.

Company announcement 14/2015

LM Group Holding A/S ("LM") is pleased to announce the signing of an agreement with its joint venture partner for LM to purchase the remaining interest in LM Wind Power do Brasil S.A.

Following the acquisition, LM will own 100% of LM Wind Power do Brasil S.A. through its subsidiary LM Wind Power A/S. Closing, which is expected to occur in the fourth quarter of 2015, is subject to certain conditions.

After closing, the former joint venture partner will continue to assist LM Wind Power do Brasil S.A. in an advisory capacity for a period of three years.