Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

BRIEF-Crius Energy to expand solar energy business

Published 2016-09-23, 09:16 a/m
© Reuters.  BRIEF-Crius Energy to expand solar energy business
KWH_u
-

Sept 23 (Reuters) - Crius Energy Trust KWH_u.TO

* Crius Energy to expand solar energy business with proposed purchase of assets from Verengo

* Deal price consisting of $2.25 million cash contribution from Crius Energy, $2.55 million cash, interests from members of Newco

* Acquisition is expected to contribute positive EBITDA in fiscal year 2017

* Deal for purchase price of $11.9 million

* By end of fiscal year 2017, Newco will become a wholly-owned subsidiary of trust through exchange transactions with three non-controlling members of Newco Source text for Eikon: Further company coverage: KWH_u.TO

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.