Aker Horizons (or the "Company") has successfully completed a private placement raisingNOK 1 billion in gross proceeds to strengthenAker Horizons' balance sheet ahead of investments in its portfolio companies and new direct investments. The Company will issue 28,985,507 new shares atNOK 34.50 per share. The private placement was over-subscribed multiple times with strong domestic and international demand from leading institutional investors.Baillie Gifford Overseas Limited was allocated 13,500,000 shares, representing 46.6 percent of the total share issue and resulting in an ownership of 4.6 percent inAker Horizons . "Baillie Gifford recently became a key shareholder in our portfolio company Aker Carbon Capture, and we are now pleased to also welcome Baillie Gifford as a key shareholder inAker Horizons ," saidKristian Røkke , Chief Executive Officer ofAker Horizons . "Aker Horizons strives to make a meaningful difference for the environment and sees opportunity in a holistic approach to green value chains as exemplified by our recent investments in Narvik." Since the inception ofAker Horizons , the Company continues to grow a portfolio dedicated to renewable energy and clean technologies. Portfolio company investments include building scale across global platforms throughMainstream Renewable Power , as demonstrated by their current construction of 1.4 GW wind and solar assets inChile , the recent launch of their Nazca 1 GW Chilean platform and the new award of 1.27 GW inSouth Africa to Mainstream and partners. New direct investments include the recently announced strategic initiatives in the Narvik region to establish green value chains for power -intensive industries inNorthern Norway based on some ofEurope's lowest priced renewable energy.Carnegie AS ,DNB Markets , a part ofDNB Bank ASA , andMorgan Stanley & Co. International plc acted as joint bookrunners and managers for the private placement.Advokatfirmaet BAHR AS acted as legal advisor to the Company andAdvokatfirmaet Thommessen AS acted as legal advisor to the Managers in the private placement. ENDS Media contact:Ivar Simensen , mob: +47 464 02 317, email: ivar.simensen@akerhorizons.com Investor contact: Christian Yggeseth, mob: +47 915 10 000, email: christian.yggeseth@akerhorizons.com AboutAker Horizons Aker Horizons ASA is a planet-positive company dedicated to developing companies within renewable energy and other technologies that reduce emissions or promote sustainable living. The company is listed on theOslo Stock Exchange and majority owned byAker ASA .Aker Horizons owns stakes in Aker Carbon Capture, Aker Clean Hydrogen,Aker Offshore Wind andMainstream Renewable Power .
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