Brief: Leclanché Signs Framework Agreement With Pinnacle International Capital To Secure Expansion Funding of CHF 360 Million

Leclanche SA

23/07/2024 18:35

July 23 (Reuters) - Leclanche SA  LECN.S :
    * LECLANCHÉ SIGNS FRAMEWORK AGREEMENT WITH PINNACLE
INTERNATIONAL
CAPITAL TO SECURE EXPANSION FUNDING
    * LECLANCHE SA - CHF 360 MILLION INVESTMENT WILL BE SUBJECT
TO
OUTCOME OF AN ENGINEERING REVIEW
    * LECLANCHE - WILL TAKE A 50% STAKE IN JOINT VENTURE COMPANY
THROUGH A CONTRIBUTION IN KIND, GIVING PINNACLE AN APPROXIMATE
40% STAKE IN LECLANCHÉ
    * LECLANCHE SA  - PINNACLE AND LECLANCHÉ WILL ESTABLISH A
JOINT
VENTURE COMPANY FUNDED BY PINNACLE FOR AN AMOUNT OF UP TO CHF
360 MILLION
    * LECLANCHE: PINNACLE WILL BE GRANTED FURTHER OPTION TO
ACQUIRE UP
TO 30% ADDITIONAL STAKE IN LECLANCHÉ THROUGH AN AGREEMENT WITH
SEF LUX

Source text for Eikon:  ID:nEQ3c4H4Ma 
Further company coverage:  LECN.S 

 ((Reuters.Briefs@thomsonreuters.com;))