Orrön Energy AB (publ) entered into an agreement to acquire the remaining 50% stake in Leikanger hydropower plant in Norway from Sognekraft Produksjon AS on January 1, 2024. The agreement, with an effective date of 1st January 2024 and structured on a debt and cash-free basis, for an enterprise value of approximately NOK 613 million (?53 million). The transaction is pending customary financing approvals from both Orrön Energy and Sognekraft.

The closure is anticipated within the second quarter of 2024. Following the transaction, Sognekraft will own 100% of the company owning the Leikanger hydropower plant.