Brief: Climeon And Breakthrough Energy Ventures To Collaborate

Climeon AB (publ)

04/03/2019 07:17

March 4 (Reuters) - Climeon AB (publ)  CLIMEb.ST >:
    * SAID ON SUNDAY INVESTOR-LED VENTURE FUND, ENERGY VENTURES,
INVESTED USD 12.5 MILLION IN BASELOAD CAPITAL
    * BASELOAD CAPITAL IS A PRIVATE INVESTMENT CO WHICH CLIMEON
OWNS
PART OF
    * AIM IS TO ACCELERATE DEPLOYMENT OF GEOTHERMAL HEAT POWER
    * ENERGY VENTURES JOINS AS A SHAREHOLDER OF BASELOAD CAPITAL
    * AFTER BREAKTHROUGH ENERGY VENTURE'S INVESTMENT IN BASELOAD
CAPITAL, CLIMEON OWNS 15.7 PCT OF BASELOAD CAPITAL
    * SAYS CO'S EQUITY SHARE WILL BE VALUED AT SEK 48.1 MILLION,
COMPARED TO THE 37.7 COMMUNICATED IN YEAR-END REPORT IN FEBRUARY
2019

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr8nG1mJ
    
 Further company coverage:  CLIMEb.ST  
   


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