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HUL - Hulisani News Story

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BRIEF-Hulisani Ltd agrees to buy solar sites developer Momentous Technologies

Mon 3rd April, 2017 12:45pm
April 3 (Reuters) - Hulisani Limited  HULJ.J : 
    * Acquisition in Rustmo1 Solar Farm Proprietary Limited and 
renewal of cautionary 
    * Has entered into a share sale agreement with Pravin 
Semnarayan and Gareth Warner to acquire Momentous Technologies 
Proprietary Limited 
    * Deal for a purchase consideration of 26,500,000 rand 
    * Hulisani will fund transaction with its cash reserves 
    * Co is in further discussions on the acquisition of 
additional assets within the renewable energy sector 
 
Source text for Eikon:  ID:nJseC0037a  
Further company coverage:  HULJ.J  
 
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