Altech Chemicals Limited ( (AU:ATC) ) has provided an announcement.
Altech Batteries Limited has announced its acquisition of additional stakes in two major projects from Altech Advanced Materials AG, increasing its ownership to 75% in the CERENERGY® Battery Project and 100% in the Silumina Anodes™ Project. This strategic move, valued at approximately A$23.3 million, aims to optimize Altech’s corporate structure and financing options, potentially allowing the company to divest interests to strategic partners for project financing. The acquisition is subject to shareholder approval and is expected to enhance Altech’s positioning in the battery technology industry.
More about Altech Chemicals Limited
Altech Batteries Limited is a company operating in the advanced materials sector, focusing on battery technology and related projects. The company is involved in the development of the CERENERGY® Battery Project and the Silumina Anodes™ Project, which are key components of its market focus.
YTD Price Performance: -10.0%
Average Trading Volume: 1,402,226
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$90.12M
See more data about ATC stock on TipRanks’ Stock Analysis page.