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News Link • Energy

Magma Caps up Icelandic Geothermal

• arclein
Magma was set up in January 2008. Its acquisition of the HS Orka stake is the largest foreign investment in Iceland since the collapse of its banking sector in 2008.

The agreement provides that a Magma wholly owned subsidiary will purchase the interest for about $29.5 million and a bond for about $68.8 million repayable in a single installment in seven years with interest at 1.52 percent.

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