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GIGA Gigasun AB (publ) News Story

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Brief: Gigasun Starts Process For Divestment Of Solar Energy Plants

Aug 27 (Reuters) - Gigasun AB (publ) GIGAS.ST:

INITIATES PROCESS FOR DIVESTMENT OF SOLAR ENERGY PLANTS TO STRENGTHEN FINANCIAL POSITION IN SWEDEN

AIM IS TO REDUCE SWEDISH PART OF COMPANY'S DEBT AND STRENGTHEN FINANCIAL POSITION

PROCEEDS FROM TRANSACTIONS WILL PRIMARILY BE USED TO REPAY LOANS WITH PARENT COMPANY IN SWEDEN

Source text: ID:nMFN9j09S6

Further company coverage: GIGAS.ST

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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