Daniel Fitzgerald
Chief Executive Officer
Good morning, and welcome to Orron Energy’s webcast covering the transformative transaction we announced late last night. I’m Daniel Fitzgerald, I’m the CEO of Orron Energy. And through the course of the next presentation, I’ll give you a quick overview of the transaction, what it means for Orron Energy and why we’re so excited about this combination, but then also what remains behind in Orron Energy and what does Orron Energy look like going forward, which is really important for shareholders.
I apologize for our Swedish shareholders that we’re doing this in the middle of Midsummer and the summer break. It’s always a good time to get deals done if you need a small group of people working on them. But for our loyal shareholders, it’s been a challenge to take you away from your summer vacation into this. If we look at the transaction that we announced last night, for us, and I think for Cloudberry as well, this is a really compelling transaction. For a long period of time, we’ve said that we’re too small and we’re subscale.
We’ve been looking at opportunities to grow our business, to acquire assets, to build parts of the business, and we always needed to be a much bigger platform. And I think this combination brings together 2 very, very like-minded companies. It brings together a very complementary, focused more towards the Danish and the Norwegian sector expanding into Sweden. They stepped into MLK earlier this year. And from our side, we have a deeper connection into Sweden and Finland.
When we put those 2 groups of assets together, we build a company that has 2.1
 (LNDNF) M&A Call Transcript){kind=link}