Brief: FDE Has Agreed To Acquire Controlling Stake In Greenstat ASA In Norway

La Francaise de l Energie SA

17/01/2024 06:52

Jan 17 (Reuters) - LA FRANCAISE DE L'ENERGIE :
    * ANNOUNCES IT HAS AGREED TO ACQUIRE A CONTROLLING STAKE IN
GREENSTAT ASA IN NORWAY
    * TRANSACTION COMPRISES THREE EQUITY TRANCHES OVER A PERIOD
OF 18
MONTHS
    * FIRST TRANCHE, TO BE COMPLETED BY FEBRUARY 9TH, 2024,
INVOLVES
PURCHASE OF EXISTING INVESTOR’S SHARES FOR C. €2.3 MILLION AND
THE SUBSCRIPTION OF NEW SHARES IN GREENSTAT FOR C. €13.2 MILLION
    * SECOND TRANCHE OF UP TO €13.2 MILLION AND THIRD TRANCHE OF
UP TO
€13.2 MILLION WILL BE INVESTED INTO GREENSTAT, SUBJECT TO THE
COMPANY REACHING CERTAIN OPERATIONAL AND FINANCIAL MILESTONES
    * FOLLOWING ACQUISITION, FDE WILL COMMUNICATE NEW GROWTH
PROSPECTS
FOR FY 2026 DURING ITS CAPITAL DAY THAT WILL TAKE PLACE IN Q2
2024
    * CONFIRMS FY 2026 OBJECTIVES OF ANNUAL REVENUES OF MORE
THAN EUR
100 MLN, AND EBITDA ABOVE EUR 50 MLN

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nBw45gKbLa
 Further company coverage:  FDEL.PA  

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