Brief: China Smarter Energy enters heads of terms with ECO2 Management
15/10/2015 12:56
Oct 15 (Reuters) - China Smarter Energy Group Holdings Ltd 1004.HK : * Company entered into a non-legally-binding heads of terms with ECO2 Management Limited * Deal in respect of the possible formation of joint venture to develop renewable energy power plants in the United Kingdom and Europe * Says it is contemplated that the joint venture will be owned as to 70% by company and 30% by ECO2M * Says company may elect to acquire equity interests in eco2m such that ECO2M becomes a subsidiary * Source text for Eikon ID:nHKSss2mj * ((For more news, please click here 1004.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))
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