Arise AB (publ) (OM:ARISE) acquired 70% stake in Fenix Repower AS for NOK 0.33 million on December 15, 2023. In addition to Fenix?s activities in Ukraine, the Fenix team in Norway will ramp up and manage Arise?s greenfield development in Norway, which currently comprises a number of leads and early-stage projects. CMS Kluge in Norway, CMS CMNO in Kyiv acted as legal advisor and KPMG acted as Accountant to Arise AB. GreenCap Partners acted as Financial advisor, Thomessen and Asters as Legal advisors to Fenix.

Arise AB (publ) (OM:ARISE) completed the acquisition of 70% stake in Fenix Repower AS on December 15, 2023.