Nel ASA: The potential new fueling company will be named Cavendish Hydrogen
(May 15, 2024 - Oslo, Norway) Reference is made to the stock exchange announcement by Nel ASA (Nel, OSE: NEL) on 28 February 2024 regarding the potential spin-off of its Fueling division into a separate company and listing of this company on the Oslo Stock Exchange. The new company will be named Cavendish Hydrogen, a tribute to the English scientist Henry Cavendish, noted for the discovery of hydrogen.The purpose of the spin-off is to create two independent pure-play companies aiming to become market leaders in their respective fields. Furthermore, Nel is pleased to announce that the