Brief: Logistea Loses Cooperation Agreement With FREYR

Logistea AB

11/09/2023 08:40

Sept 11 (Reuters) - Logistea AB  LOGIa.ST :
    * SAID ON SATURDAY FREYR TERMINATES COOPERATION AGREEMENT
WITH
LOGISTEA REGARDING POTENTIAL ESTABLISHMENT OF BATTERY FACTORY IN
MUNICIPALITY OF SVENLJUNGA
    * COOPERATION AGREEMENT BETWEEN LOGISTEA AND FREYR WILL
CEASE TO
APPLY BETWEEN PARTIES WITH IMMEDIATE EFFECT
    * THE CESSATION OF THE COOPERATION AGREEMENT WILL MARGINALLY
AFFECT LOGISTEAS RESULT FOR THIRD QUARTER WITH MAXIMUM AMOUNT OF
MSEK 3 AND WILL FURTHER NOT AFFECT THE CO’S FINANCIAL POSITION
OR COMMUNICATED EARNING CAPACITY
    * THERE ARE NO UNREALISED CHANGES IN VALUE RELATING TO THE
PROJECT

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFNb0gwyP
 Further company coverage:  LOGIa.ST  

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