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Economy 1 MIN READ

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

February 11, 2022By Reuters
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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;))

This article originally appeared on reuters.com

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