Orrön Energy Holding AB announced a tender offer to acquire Slitevind AB (OM:SLITE) from group of sellers and other shareholders for approximately SEK 890 million on August 1, 2022. Offer price per share cash is SEK 125. The offer is not subject to any financing condition and will be financed with existing cash reserves and a committed credit facility by Skandinaviska Enskilda Banken AB (publ). Jonas Dahlström, CEO of Slitevind along with team will join Orrön Energy. Upon completion of the offer, Orrön Energy does not intend to implement any material changes to Slitevind's employees and management or to the existing organisation and operations, including the terms of employment and the locations where Slitevind conducts its business.

Slitevind's Board of Directors unanimously recommends shareholders to accept the offer. The offer is conditional upon acceptance of minimum 90% stake, the receipt of all necessary regulatory, governmental or similar clearances, approvals and decisions and will not require any approvals from competition authorities. Nordic Cross Stable Return, Nordic Cross Small Cap Edge, Investment AB Spiltan, Tedde Jeansson and Tamt AB controlling 49.5% of shares and votes, have irrevocably undertaken to accept the offer and Carl-Olov Ingemar Lindahl, Heinels Verkstad i Malmö AB, Kadevind AB, Kristoffer Jeansson, P&B Pettersson o Bendel i Sthlm AB, Per Anders Croon, Ryttargården AB, Göran Bylund, Göran Bylund Energi och Miljöteknik AB, Anders Gahne and Vindservice Gotland AB holding approximately 10.3% stake have confirmed their intention to accept the offer. Upon acquisition of 90% stake in Slitevind, the offeror intends to commence a compulsory buy-out procedure in respect of the remaining shares and delist Slitevind. As of August 24, 2022, All conditions for completion of the offer have been fulfilled and the offeror has received acceptance of 91% stake on August 23, 2022. The acceptance period will commence on August 2, 2022 and expiring on August 23, 2022. As of August 24, 2022, the offeror extended the acceptance period until September 5, 2022.

SEB Corporate Finance acted as financial adviser, Gernandt & Danielsson Advokatbyrå acted as legal adviser and Skeppsbron Skatt acted as tax adviser of Orrön Energy in connection with the offer.