Brief: ELINOIL Sells Its 37% Stake In ELIN VERD To MOTOR OIL For EUR 4.6 Million
30/08/2022 09:50
Aug 30 (Reuters) - Elinoil Hellenic Petroleum Company SA
ELIr.AT :
* SELLS ITS 37% STAKE IN ELIN VERD TO MOTOR OIL FOR EUR 4.6
MILLION
* SALE OF ELIN VERD WILL ALLOW THE CO TO LEVERAGE CAPITAL
FOR THE
HIGH-COST INVESTMENTS REQUIRED FOR ITS ENERGY TRANSFORMATION
* CO'S ENERGY TRANSFORMATION INCLUDES PLANNING FOR ENTRY IN
HYDROGEN MARKET THROUGH COLLABORATION WITH DESFA AS WELL AS
INVESTMENTS FOR THE CREATION OF PHOTOVOLTAIC PARKS
Source text for Eikon: https://bit.ly/3Rnqv0z
Further company coverage: ELIr.AT
(Gdansk Newsroom)
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