Baseload Capital Sweden AB: Baseload investigates the possibility of a new strategic partner
Baseload Capital Holding AB ("Baseload" or the "Company") has decided to investigate the possibility to identify a new strategic partner that may invest alongside the existing shareholders in order to accelerate the deployment of geothermal Heat Power projects.
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As of today, Baseload, through its fully owned subsidiary Baseload Capital Sweden AB (publ), has invested into Heat Power projects in Iceland, Japan, Taiwan and in the US. Baseload Capital, as a group, is constantly looking at opportunities for further expansion into selected key markets. Given the capital intensive industry the group operates in, a potential transaction with a financially strong strategic partner would add operational flexibility and allow for accelerated expansion in the target markets.DNB Markets, a part of DNB Bank ASA, has been mandated by Baseload Capital Holding AB as financial adviser for the potential transaction.