Kyoto Group AS (DE:77K) has released an update.
Kyoto Group AS has announced a strategic investment and partnership with Glentra Fund I K/S, involving a directed share issue and subsequent voluntary all-cash offer for all outstanding shares, garnering support from shareholders representing 73.5% of the company. The deal is positioned as a game-changer, with the potential to accelerate Kyoto’s commercial development and contribution to renewable energy in industrial applications. The board has unanimously recommended the transaction, highlighting the significant premium offered to current share prices and the strong backing from Kyoto’s three largest investors.
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