Brief: Kinderhook Industries Portfolio Co Contributes Cash And Assets Totalling $5.5 Mln For A 40% Stake In Biohitech Subsidiary

Renovare Environmental

20/12/2018 14:14

Dec 20 (Reuters) - BioHiTech Global Inc  BHTG.O :
    * 
    * KINDERHOOK INDUSTRIES PORTFOLIO COMPANY CONTRIBUTES CASH
AND
ASSETS TOTALLING $5.5 MILLION FOR A 40% STAKE IN A NEWLY FORMED
BIOHITECH SUBSIDIARY
    * NEW SUBSIDIARY NOW HOLDS 78% OWNERSHIP STAKE IN
MARTINSBURG
HEBIOT FACILITY
    * BIOHITECH GLOBAL - CONTRIBUTED $3.5 MILLION IN CASH AND
ASSETS
VALUED AT ABOUT $2 MILLION IN EXCHANGE FOR 40% STAKE IN NEWLY
BIOHITECH CONSOLIDATED SUBSIDIARY
    * NEW SUBSIDIARY WILL SERVE AS A PLATFORM FOR BIOHITECH'S
HEBIOT
FACILITY ROLLOUT IN THE U.S

Source text for Eikon:  ID:nPnsMCbZa 
Further company coverage:  BHTG.O 

 (Reuters.Briefs@thomsonreuters.com)