Brief: Solar Alliance sees Aries Solar deal to increase revenues, net income
10/07/2017 11:00
July 10 (Reuters) - Solar Alliance Energy Inc SAN.V :
* Solar Alliance Energy Inc - company anticipates this
acquisition will materially increase revenues and net income at
Solar Alliance
* Solar Alliance Energy Inc - further details regarding
acquisition will be announced when a definitive transaction
agreement is reached
* Solar Alliance Energy Inc - under terms of LoI, purchase
price for 100% of Aries Solar, Llc is a contingent payment of us
$1 mln
* Solar Alliance Energy - co to allocate 20% of net income
from Aries project pipeline to Thompson Machinery until
contingent payment is fulfilled
Source text for Eikon: ID:nCCN6gKV6a
Further company coverage: SAN.V
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