Brief: algoWatt Signs Prelim. Contracts For Sale Of GreenASM Biodigestion And Composting Plant To Buttol Group

algoWatt SpA

14/12/2020 16:52

Dec 14 (Reuters) - algoWatt SpA  ALW.MI :
    * SIGNS PRELIM CONTRACTS FOR SALE OF GREENASM BIODIGESTION
AND
COMPOSTING PLANT TO BUTTOL GROUP
    * SALE WILL INVOLVE DECONSOLIDATION OF DEBT FOR OVER EUR 7
MILLION
    * TOTAL CONSIDERATION OF TRANSACTION EQUAL TO EUR 3.9
MILLION,
WITH ADVANCE OF EUR 0.7 MILLION IN FAVOUR OF ALGOWATT
    * TRANSACTIONS ENVISAGE  ACQUISITION BY BUTTOL GROUP OF
PLANT
STRUCTURE, 50% OF SHARES OF JV GREENASM AND TAKING OVER LEASING
CONTRACT

Source text for Eikon:  ID:nBIA2Bx3zw 
Further company coverage:  ALW.MI 

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