Ingka Investments agreed to acquire 49% stake in two offshore winds projects in Sweden from OX2 AB (publ) (OM:OX2) for approximately SEK 230 million on November 29, 2023. According to the agreement, OX2 will receive an initial payment of around SEK 230 million
Following successful permitting OX2 will in addition receive a pre-agreed deferred consideration of approximately SEK 0.7 million per MW for 49% of the planned capacity. OX2 and Ingka Investments are currently exploring future opportunities in the Swedish market including the project Ran located near Pleione. Following the completion of the transaction, the development costs for the projects will be shared according to respective party?s ownership.