Brief: Drone Volt Signs Letter Of Intent For A Minority Stake In Skycorp

Drone Volt SA

03/08/2021 17:07

Aug 3 (Reuters) - DRONE VOLT SA  ALDRV.PA :
    * ANNOUNCES THE SIGNING OF A LETTER OF INTENT FOR A MINORITY
STAKE
IN SKYCORP, A SPECIALIST IN HYDROGEN ENGINES
    * MEMORANDUM OF UNDERSTANDING PROVIDES FOR AN INVESTMENT BY
DRONE
VOLT IN SKYCORP TO THE TUNE OF 500,000 EUROS IN EXCHANGE FOR A
MINORITY STAKE IN THE ESTONIAN MANUFACTURER
    * THIS INVESTMENT WOULD BE PAID IN DRONE VOLT SHARES
    * BOTH SIDES HOPE TO FINALIZE THEIR DEAL IN THE COMING WEEKS

Source text for Eikon:  ID:nACT70633 
Further company coverage:  ALDRV.PA 

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