Brief: Alternus Will Divest Its Operating Projects In Poland, Netherlands

Alternus Energy

21/11/2023 14:07

Nov 21 (Reuters) - Alternus Energy Group PLC  ALTA.OL :
    * ALTERNUS WILL DIVEST ITS OPERATING PROJECTS IN NON-CORE
COUNTRIES OF POLAND AND NETHERLANDS
    * IS AT ADVANCED NEGOTIATIONS FOR SALE OF THESE PROJECTS
THAT ARE
EXPECTED TO CLOSE BEFORE END OF YEAR
    * EXPECTED SALES PROCEEDS OF APPROXIMATELY EUR60 MILLION
WILL BE
USED TO PAY DOWN EXISTING DEBT AND STRENGTHEN BALANCE SHEET
    * WILL CONTINUE TO FOCUS ON ITS EXISTING HIGH OPERATING
MARGIN
PROJECTS THAT CONTRIBUTE OVER 60% OF EXISTING EBITDA

Source text for Eikon:  ID:nObiJFg2ja 
Further company coverage:  ALTA.OL 

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