Pension Funds increase stake in HS Orka

Pension Funds increase stake in HS Orka


Alterra Power Corp announced that a group of Icelandic pension funds ("Jarðvarmi") that currently holds a 25% interest in HS Orka hf has delivered notice that it intends to increase its stake to 33.4% in accordance with the terms of the original purchase agreement entered into on 1 June, 2011, it was reported on 13 February.

Alterra Power's interest in HS Orka will be reduced from 75% to 66.6%. To effect the change in ownership, Jarovarmi will invest $38.5 million in HS ...


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