Extraordinary announcement of the Management Board
Genesis Energy Investment Plc (Genesis Energy) hereby informs the shareholders with regard to the share purchase agreement (SPA) concluded with Genesis Solar Corporation (GSC) earlier.
Based on the SPA Genesis Energy sold to GSC three of its subsidiaries, Genesis Solar España S.L. (GSE), Genesis Solar (Magyarország) Kft. (GSH) and Genesis Solar Singapore Pte. Ltd. (GSS) involved in solar panel manufacturing and the know-how concerning the methodology of the solar panel production. The closing conditions of the transaction in the original contract and its later ...
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