Brief: Ellomay Capital To Sell 49 Pct Of Its Holdings In The Talasol Project To Two Partners

Ellomay Capital

17/04/2019 12:07

April 17 (Reuters) - Ellomay Capital Ltd  ELLO.TA :
    * PRESS RELEASE - ELLOMAY CAPITAL LTD. ANNOUNCES THE
EXECUTION OF
AN AGREEMENT TO SELL 49% OF ITS HOLDINGS IN THE TALASOL PROJECT
TO TWO PARTNERS
    * ELLOMAY CAPITAL LTD. ANNOUNCES THE EXECUTION OF AN
AGREEMENT TO
SELL 49% OF ITS HOLDINGS IN THE TALASOL PROJECT TO TWO PARTNERS
    * ELLOMAY CAPITAL LTD - PARTNERS WILL PARTICIPATE IN 49% OF
EQUITY
REQUIREMENTS UNDER FINANCING AGREEMEN
    * ELLOMAY CAPITAL LTD - PARTNERS WILL PAY APPROXIMATELY EUR
16.1
MILLION
    * ELLOMAY CAPITAL LTD - PARTNERS WILL PARTICIPATE IN 49% OF
EQUITY
REQUIREMENTS UNDER FINANCING AGREEMENT
    * ELLOMAY CAPITAL - PAYMENT OF A PORTION OF UP TO EUR 1.4
MILLION
OF PURCHASE PRICE WILL BE DEFERRED UNTIL ACHIEVEMENT OF A
PRELIMINARY ACCEPTANCE CERTIFICATE
    * ELLOMAY CAPITAL LTD -  TO SELL 49% OF ITS HOLDINGS IN
TALASOL
PROJECT TO GSE 3 UK LIMITED AND FOND-ICO INFRAESTRUCTURAS II,
FICC
    * ELLOMAY CAPITAL - UNIT WILL ASSIGN TO PARTNERS, IN EQUAL
PARTS,
49% OF OBLIGATIONS UNDER DEALS EXECUTED IN CONNECTION WITH
FINANCE FOR TALASOL PROJECT
    * ELLOMAY CAPITAL LTD -  UNIT AND PARTNERS WILL ALSO ENTER
INTO A
PARTNERS' AGREEMENT WHICH INCLUDES MINORITY RIGHTS FOR PARTNERS
    * ELLOMAY CAPITAL -  PA PROVIDES THAT ELLOMAY WILL APPOINT
MAJORITY OF BOARD MEMBERS, MATTERS BROUGHT FOR A VOTE WILL BE
ADOPTED BY A SIMPLE MAJORITY

Source text for Eikon:  ID:nPn4fzmKva 
Further company coverage:  ELLO.TA 

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