Brief: Metacon's Water2H2 Signs Agreement For Sale Of Electrolysis Plant

Metacon AB (publ)

24/09/2021 07:34

Sept 24 (Reuters) - Metacon AB (publ)  METAC.NGM :
    * METACON'S ASSOCIATED COMPANY WATER2H2 SIGNS AGREEMENT FOR
THE
SALE OF ELECTROLYSIS PLANT
    * ASSOCIATED COMPANY WATER2H2 AB HAS ENTERED INTO A BINDING
AGREEMENT FOR SALE OF AN ELECTROLYSIS PLANT TO UPPVIDINGE VÄTGAS
AB FOR PRODUCTION OF GREEN HYDROGEN FROM EXISTING WIND POWER
    * TOTAL CONTRACT VALUE IS APPROXIMATELY SEK 21.5 MILLION AND
TRANSACTION ALSO INCLUDES EQUIPMENT FOR STORAGE, TRANSPORT AND A
REFUELLING STATION FOR BOTH PASSENGER CARS AND TRUCKS.
    * METACON HAS AN OPTION TO ACQUIRE REMAINING 80% OF COMPANY
FROM
OTHER OWNERS.

Source text for Eikon:  ID:nWkrbFkCJq 
Further company coverage:  METAC.NGM 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))