Brief: Termo2Power Resolves To Liquidate Unit Grenergy

Corey Europe SA

17/02/2020 09:53

Feb 17 (Reuters) - Termo2Power SA  T2P.WA :
    * SAID ON FRIDAY IT HAS RESOLVED TOGETHER WITH THE ITALIAN
SHAREHOLDER TO LIQUIDATE UNIT GRENERGY IN WHICH THE COMPANY
HOLDS 50% STAKE
    * REASON FOR LIQUIDATION OF THE UNIT IS THE INABILITY TO USE
LOCAL
PROGRAMMES AND INCENTIVES, WHICH WERE AN IMPORTANT FACTOR
CONDITIONING THE ESTABLISHMENT OF GRENERGY IN 2017 

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM2FpP6ka
    
 Further company coverage:  T2P.WA  
   


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