Brief: McPhy Announces Strategic Partnerships, Launch Of Anticipated EUR 150 Mln Capital Increase

Mcphy Energy SA

13/10/2020 16:36

Oct 13 (Reuters) - McPhy Energy SAS  MCPHY.PA :
    * REG-MCPHY ANNOUNCES NEW STRATEGIC PARTNERSHIPS  WITH CHART INDUSTRIES AND
TECHNIP ENERGIES  AND SIMULTANEOUS LAUNCH OF ANTICIPATED EUR 150M  CAPITAL
INCREASE TO FUND GLOBAL SCALE-UP OF ZERO-CARBON HYDROGEN
    * FUNDS TO BE USED TO FINANCE ACCELERATION OF CHANGE OF SCALE OF
MANUFACTURING
CAPACITIES, TO FUND CONTINUED RESEARCH AND INNOVATION, AS WELL AS FOR WORKING
CAPITAL AND OPERATING EXPENSES OF COMPANY
    * ANNOUNCES CONCOMITANT SIGNING OF MEMORANDUM OF UNDERSTANDINGS ("MOU") WITH
EACH
OF TWO STRATEGIC INVESTORS
    * MCPHY ENERGY SAS - SIGNING OF A MOU WITH EACH STRATEGIC INVESTOR FOCUSING
ON
UNLOCKING COMMERCIAL OPPORTUNITIES ACROSS THE HYDROGEN VALUE-CHAIN GLOBALLY, FOR
A RENEWABLE PERIOD OF FIVE YEARS

Source text for Eikon:  ID:nGNE43tSgm 
Further company coverage:  MCPHY.PA 

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