Brief: MYTILINEOS Acquires All Outstanding Shares Of VOLTERRA From AVAX

Avax SA

09/08/2023 07:10

Aug 9 (Reuters) - Mytilineos SA  MYTr.AT :
    * ACQUIRES ALL OUTSTANDING SHARES OF VOLTERRA FROM AVAX
    * ON THE DATE OF THE TRANSFER AVAX WILL RECEIVE EUR 6.0
MILLION AS
PAYMENT AND A FURTHER EUR 7.0 MILLION AS ADVANCE PAYMENT AGAINST
THE ADDITIONAL PRICE
    * SHOULD THE EXCHANGE AGREEMENT EVOLVE SMOOTHLY AND CERTAIN
MEDIUM
AND LONGER-TERM GOALS ARE ACHIEVED TOTAL FINAL PRICE CAN REACH A
MAXIMUM OF EUR 24.0 MILLION
    * THE INTEGRATION OF VOLTERRA INCREASES MYTILINEOS’ MARKET
SHARE
OF THE GREEK ELECTRICITY RETAIL MARKET TO 13% AND IS EXPECTED TO
REACH 20-25% WITHIN 2024


Further company coverage:  MYTr.AT 

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