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Alterra Power considering sale of stake in Blue Lagoon geothermal resort

Blue Lagoon, Iceland (source: flickr/ Chris Yiu, creative commons)
Alexander Richter 16 May 2017

Canadian Alterra Power considering sale of its 30% stake in the Blue Lagoon geothermal resort in Iceland.

Reported today, Canadian Alterra Power Corp. is considering strategic alternatives for its 30% ownership interest in the Blue Lagoon tourist resort, up to and including a full sale. This follows several unsolicited expressions of interest.

Ross Beaty, Alterra’s Executive Chairman, said “The Blue Lagoon has grown substantially over the last several years, attracting significant investor attention from Iceland and elsewhere. Since the asset does not comprise a core part of our renewable power business, we think it’s time to look at our options.”

Stöplar Advisory in Iceland (www.stoplar.com) has been engaged to communicate with potential investors and administer the process.

Source: company release by email