Brief: Seri Industrial Completes Sale Of Energy Solutions Business For Eur 11 Mln

Seri Industrial SpA

11/01/2019 07:14

Jan 11(Reuters) - Seri Industrial SpA  SERK.MI :
    * ANNOUNCED ON THURSDAY COMPLETION OF SALE OF ENERGY
SOLUTIONS
BUSINESS FOR EUR 11 MLN, TO BE ALLOCATED TO SUPPORT DEVELOPMENT
PLANS
    * SAID ON THURSDAY THAT CONTRACT BETWEEN TOLO ENERGIA SRL
AND
SERENISSIMA SGR SPA HAS BEEN SIGNED FOR THE SALE OF 100% OF
SHARES IN HYDROELECTRIC TOSCO EMILIANA SRL (ITE)
    * ITE HAS REPAID LOANS TO PARENT COMPANY FOR EUR 375,000,
WHILE
ADDITIONAL EUR 750,000 WILL BE REPAID THROUGH INSURANCE CLAIMS
IN LIQUIDATION
    * ON JAN 8 THE CO HAS SOLD 100% OF SHARES OF MURGE GREEN
POWER SRL
FOR EUR 5.66 MILLION, THUS COMPLETED SALE OF ENERGY SOLUTIONS
ASSETS


    
 Source text: https://bit.ly/2AIE7OV 
    
 Further company coverage:  SERK.MI  
   


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