Brief: Cropenergies Acquires Ethanol Producer Ethatec

CropEnergies AG

20/11/2023 10:03

Nov 20 (Reuters) - CROPENERGIES AG  CE2G.DE :
    * ACQUIRES PRODUCER OF ETHANOL FROM WASTES AND RESIDUES
    * WILL TAKE OVER BUSINESS ACTIVITIES OF ETHATEC GMBH,
WESELBERG,
VIA ITS RECENTLY FOUNDED SUBSIDIARY CE ADVANCED BIOENERGIES GMBH
    * PURCHASE PRICE OF AROUND EUR 8 MILLION WILL BE PAID IN
CASH
    * PLANS TO OPTIMISE SITE AND EXPAND PRODUCTION CAPACITY OVER
NEXT
FEW YEARS

Source text for Eikon:  ID:nPexJ02Yva 
Further company coverage:  CE2G.DE 

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