Brief: Arctic Falls Signs LoI With Volvo Cars Regarding Winter Test Facility
BRIEF-Arctic Falls Signs LoI With Volvo Cars Regarding Winter Test Facility May 28 (Reuters) - Arctic Falls AB ARFAL.ST:
SIGNS LETTER OF INTENT WITH VOLVO CARS
COLLABORATION COULD REPRESENT 10–15% OF ARCTIC FALLS' CURRENT ANNUAL REVENUE
LOI REGARDING CONSTRUCTION AND LONG-TERM LEASE OF NEW WINTER TEST FACILITY
ESTIMATES THAT INVESTMENT COULD BE FINANCED VIA EXISTING CASH RESERVES, BANK FINANCING
FINAL AGREEMENT TARGETED FOR JULY–SEPT 2026; FACILITY OPERATIONAL IN 2028
Source text: ID:nMFN3gYlth
Further company coverage: ARFAL.ST
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))
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