Brief: Channel Infrastructure NZ Reaches Conditional Sale Agreement For Decommissioned Asset

Channel Infrastructure NZ

09/07/2023 21:50

July 10 (Reuters) - Channel Infrastructure NZ Ltd
 CHI.NZ :
    * CONDITIONAL SALE AGREEMENT REACHED FOR DECOMMISSIONED
ASSET
    * ENTERED INTO AN ASSET SALE AGREEMENT WITH US-BASED SEADRA
ENERGY
INCORPORATED (SE)
    * SE WILL HAVE 6-MONTHS TO CONSIDER PURCHASE OF CERTAIN
ASSETS
FROM HYDROCRACKING COMPLEX
    * CONSIDERATION FOR NON-REFUNDABLE OPTION PAYMENT OF US$4
MILLION
    * PURCHASE PRICE FOR ASSETS AGREED BETWEEN PARTIES US$33.875
MILLION, SHOULD SE ELECT TO EXERCISE OPTION


Further company coverage:  CHI.NZ 

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