Brief: Soltec Completes Stake Transfer In JV, Sells Stake In Luminora Entities
11/07/2025 16:50
July 11 (Reuters) - Soltec Power Holdings SA SOLPW.MC: UNIT SOLTEC ASSET MANAGEMENT (SAM) EXECUTED TRANSFER TO DARWIN GESTION GLOBAL OF SAM'S STAKE IN JV THAT SOLTEC GROUP HELD WITH TOTALENERGIES UNIT SAM GETS A FIXED PRICE OF 18.6 MILLION EUROS TO WHICH A CONTINGENT VARIABLE PRICE WILL BE ADDED INCOME RECEIVED FROM TRANSACTION USED TO AMORTISE 17.7 MILLION EUROS OF AMOUNTS PENDING PAYMENT UNDER FINANCING AGREEMENT SIGNED WITH PINO INVESTMENTS UNIT SOLTEC DEVELOPMENT SELLS STAKES IN LUMINORA ENTITIES TO ACE ITALY PROJECTS II DIVESTMENT DEAL VALUE ABOUT 2 MILLION EUROS Source text: ID:nCNM1vnJPF Further company coverage: SOLPW.MC (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))