Brief: MPC Energy Solutions Returns $10.8 Mln From St. Kitts Project

MPC Energy Solutions NV

17/11/2023 07:55

Nov 17 (Reuters) - MPC Energy Solutions NV  MPCES.OL :
    * MPC ENERGY SOLUTIONS RETURNS USD 10.8 MILLION FROM ST.
KITTS
PROJECT TO SHORE UP FREE CASH RESERVES, FOCUSES ON
HIGHER-YIELDING PROSPECTS
    * TRANSACTION IS EXPECTED TO BE CONCLUDED IN COMING DAYS AND
MPCES
WILL SUBSEQUENTLY EXIT JOINT VENTURE AND PROJECT.
    * WILL RECOVER AT LEAST USD 10.8 MILLION OF ITS INVESTED
CAPITAL.
    * AS A POTENTIAL CONSEQUENCE OF PROJECT EXIT, COMPANY
PREDICTS
SHORT-TERM NET LOSSES TO NOT EXCEED USD 3.0 MILLION

Source text for Eikon:  ID:nObiNhhhJa 
Further company coverage:  MPCES.OL 

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