Brief: BW Ideol Negotiates Funding Of EUR 40 Mln From Ademe

BW Ideol AS

22/03/2023 12:17

March 22 (Reuters) - BW Ideol AS  BWIDL.OL :
    * BW IDEOL ENTERED INTO EXCLUSIVE NEGOTIATIONS TO RAISE € 40
MILLION FROM ADEME INVESTISSEMENT TO CO-FUND THE GROWTH OF ITS
PROJECT DEVELOPMENT ACTIVITIES
    * NEGOTIATIONS FOR A EUR 40 MILLION FUNDING BY ADEME
INVESTISSEMENT OF BW IDEOL'S PROJECT DEVELOPMENT ACTIVITIES
    * CREATION OF A SUBSIDIARY FOR ALL BW IDEOL'S CO-DEVELOPMENT
ACTIVITIES
    * INITIAL INVESTMENT OF EUR 16.7 MILLION BY ADEME
INVESTISSEMENT
    * 76.6% OWNERSHIP OF DEVCO BY BW IDEOL, 23.4% OWNERSHIP BY
ADEME
INVESTISSEMENT
    * WILL RETAIN FULL OWNERSHIP OF ITS OTHER BUSINESS
ACTIVITIES AND
ASSETS

Source text for Eikon:  ID:nGNE5GtkXM 
Further company coverage:  BWIDL.OL 

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