Octopus Renewables Infrastructure Trust Plc (GB:ORIT) has released an update.
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Octopus Renewables Infrastructure Trust Plc has successfully completed the sale of the Ljungbyholm wind farm in Sweden for €73.7 million, yielding an 11.3% IRR and a premium to its latest valuation. The transaction is a part of ORIT’s capital recycling strategy, allowing them to reduce short-term debt while demonstrating their Investment Manager’s expertise in overseeing renewable projects from construction to operation. This is the latest in a series of asset sales aimed at rebalancing the company’s portfolio and reducing gearing levels.
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