Brief: Scandinavian Biogas Establishes Subsidiaries In Germany

Biokraft International AB

14/04/2023 11:22

April 14 (Reuters) - Scandinavian Biogas Fuels
International AB  BIOGAS.ST :
    * SCANDINAVIAN BIOGAS ESTABLISHES SUBSIDIARIES IN GERMANY
AND
BEGINS PLANNING TWO PROJECTS
    * SIGNED AN AGREEMENT WITH GERMAN BIOGAS I SVERIGE AB
    * EACH PRODUCTION PLANT COMPANY WILL BE CO-OWNED BY
SCANDINAVIAN
BIOGAS (85%) AND GERMAN BIOGAS I SVERIGE (15%)
    * WE ESTIMATE THAT FINAL INVESTMENT DECISIONS WILL BE MADE
IN 2024
    * TOTAL INVESTMENT IS ESTIMATED AT APPROX. 90 MILLION EURO
    * OPERATING EBITDA MARGIN IS ESTIMATED TO SIGNIFICANTLY
EXCEED
30%, WHICH IS IN LINE WITH GROUP'S GOALS.

Source text for Eikon:  ID:nWkr9NdBxS 
Further company coverage:  BIOGAS.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))