Brief: Ignitis Consolidates Group's Renewable Energy Companies In Single Entity

Ignitis Grupe AB

10/06/2021 07:19

June 10 (Reuters) - Ignitis Grupe AB  IGN1L.VL :
    * SAYS BOD APPROVED THE CONSOLIDATION PROJECT OF RENEWABLE
ENERGY
COMPANIES OF THE COMPANY’S GROUP, EXCEPT FOR IGNITIS GAMYBA
    * SAYS COMPANY PLANS TO CONSOLIDATE WIND ENERGY, SOLAR
ENERGY,
WASTE AND BIOFUEL PROJECTS AND COMPETENCES IN A SINGLE ENTITY
    * SAYS COMPANY SEES THE VALUE OF ASSETS MANAGED BY IGNITIS
RENEWABLES WOULD REACH ALMOST EUR 750.0 MILLION
    * SAYS AIM OF PROJECT IS RECYCLE CAPITAL AND CAPTURE PREMIUM
BY
SELLING  UP TO 49% OF SHARES OF COMPLETED GENERATION CAPACITY
PROJECTS

Source text:  ID:nGNEbYYVgt 
Further company coverage:  IGN1L.VL 

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