Brief: Photon Energy Ups Its Stake In Lerta To 56.75%

Photon Energy NV

25/11/2022 06:46

Nov 25 (Reuters) - Photon Energy  PENP.WA :
    * SAID ON THURSDAY THAT COMPANY HAS INCREASED ITS STAKE IN
LERTA
TO 56.75% FROM 24.27% 
    * COMPANY HAS ACQUIRED STAKE FROM PGE VENTURES, NEWBERG AND
ASI
VALUETECH SEED FUND FOR TOTAL OF ABOUT EUR 6.9 MILLION
    * INTENDS TO ACQUIRE REMAINING STAKE FROM TWO FOUNDING
SHAREHOLDERS BEFORE END OF 2022
    * SAID LERTA IS POLAND-BASED VPP COMPANY WHICH AGGREGATES
AND
MANAGES DISTRIBUTED ENERGY RESOURCES
    * LERTA MAINTAINS ENERGY TRADING LICENSES IN POLAND,
HUNGARY,
ROMANIA, THE CZECH REPUBLIC, SLOVAKIA AND SERBIA
    * LERTA MANAGES ALMOST 300 MW OF CAPACITY AGGREGATED FROM
MORE
THAN 300 UNITS ACROSS FOUR COUNTRIES, OUT OF WHICH 150 MW
REPRESENTS CONTRACTED DSR CAPACITY IN POLAND

        
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