Brief: Verbio Acquires An Ethanol Plant From Mercuria In South Bend/Indiana, USA

Verbio SE

01/05/2023 17:03

May 1 (Reuters) - Verbio Vereinigte Bioenergie Ag
 VBKG.DE :
    * EQS-ADHOC: VERBIO VEREINIGTE BIOENERGIE AG: VERBIO
ACQUIRES AN
ETHANOL PLANT FROM MERCURIA IN SOUTH BEND/INDIANA, USA.
    * TOTAL INVESTMENT IS EXPECTED TO AMOUNT TO APPROXIMATELY $
230
MILLION
    * PROJECT COSTS WILL BE FINANCED FROM FREELY AVAILABLE CASH
AS
WELL AS CREDIT LINES OF VERBIO AG
    * MANAGEMENT EXPECTS COMPANY'S NET FINANCIAL ASSETS TO
REMAIN IN
POSITIVE TERRITORY BY END OF FISCAL YEAR 2022/2023

Source text for Eikon:  ID:nEQ7hbYjVa 
Further company coverage:  VBKG.DE 

 ((Reuters.Briefs@thomsonreuters.com;))