BRIEF-Spc Power Corp Says On Feb 10, Spc Power Corp & Intrepid Executed Agreement For The Sale And Purchase Of Shares

Feb 11 (Reuters) – SPC POWER CORP:

• ON FEB 10, SPC POWER CORP & INTREPID EXECUTED AGREEMENT FOR THE SALE AND PURCHASE OF SHARES OF STEAG GMBH IN STEAG STATE POWER INC

• STEAG GMBH SHALL SELL ITS 51% INTEREST IN THE OUTSTANDING CAPITAL STOCK OF SPI TO SPC POWER CORPORATION & ITS AFFILIATE INTREPID

• CONSIDERATION FOR COMMON SHARES IS $33.9 MILLION

• CONSIDERATION FOR REDEEMABLE SHARES IS $18.1 MILLION

Source text for Eikon: ID:nPSXB7zKr

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