Chart Industries: Gains on deal with McPhy

Worthington Industries

13/10/2020 19:50

** Industrial machinery and equipment maker Chart
Industries' shares  GTLS.O  up 2.2% at $74.67 
    ** Chart to invest in McPhy, which specializes in
zero-carbon hydrogen production and distribution equipment
 urn:newsml:reuters.com:*:nGNXb5FmtT
    ** Chart's investment will result in about 4.3% of the
capital of McPhy, which has initiated a share capital increase
through a 150 million euros ($176.10 million) capital offering 
    ** Chart and McPhy also executed a commercial MOU intended
to identify new customers and projects
    ** The companies will also work on studying options to scale
up projects for production, storage, transport and fueling in
all addressable markets
    ** Separately, Chart acquires Worthington Industries'
 WOR.N  Cryogenic Trailer and Hydrogen Trailer business
 urn:newsml:reuters.com:*:nGNXfspXL
    ** Stock up ~11% YTD


($1 = 0.8518 euros)

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))