Integrated Wind Solutions (IWS) has announced that it has exercised the fixed-price option to increase its ownership in Peak Wind Group (Peak Wind) from 30% to 49%.
The option was agreed upon as part of IWS’s initial investment in Peak Wind in September 2021. The purchase price for the additional 19% shares is DKK 66.5 million, with adjustments for net cash. The transaction will be settled using cash held by IWS and is expected to be completed in September 2024.