Enviro strengthen its financial position after completing MSEK 32.5 share issue to Michelin
Scandinavian Enviro Systems AB (publ) (Enviro) has now completed the directed share issue to Michelin that was part of the letter of intent announced on April 15 regarding a long-term strategic partnership between the two companies. Following the share issue Enviro’s cash and cash equivalents amounts to approximately MSEK 75.N.B. The English text is an in-house translation of the original Swedish text. Should there be any disparities between the Swedish and the English text, the Swedish text shall prevail. Michelin’s investment in Enviro was made by way of a directed share issue (private