Brief: Kyoto Signs Strategic Investment Agreement With Iberdrola, Spirax-Sarco Engineering

Kyoto AS

22/06/2023 06:03

June 22 (Reuters) - Kyoto Group AS  KYOTO.OL :
    * KYOTO SIGNS STRATEGIC INVESTMENT AGREEMENT WITH IBERDROLA
AND
SPIRAX-SARCO ENGINEERING TO ACCELERATE ELECTRIFICATION
    * IBERDROLA WILL INVEST NOK 35.1 MILLION IN RETURN FOR A
12.8
PERCENT SHARE OF KYOTO'S ISSUED SHARE CAPITAL
    * SPIRAX-SARCO ENGINEERING WILL INVEST NOK 41.0 MILLION IN
RETURN
FOR A 15.0 PERCENT SHARE
    * BOTH WILL JOIN KYOTO BOARD, PENDING APPROVAL BY KYOTO'S
ANNUAL
GENERAL MEETING ON 30 JUNE

Source text for Eikon:  ID:nWkr9qN0Dm 
Further company coverage:  KYOTO.OL 

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