Nel ASA: Takes full ownership of joint venture in South Korea
(Oslo, June 8, 2018) Nel ASA ("Nel") announced today it is increasing its ownership of the joint venture Nel-Deokyang Co. Ltd to 100 percent, making it a fully-owned subsidiary of Nel, and renaming it Nel Korea Co., Ltd. By gaining full control over the company, Nel expects to be able to extend and accelerate activities and sales into the region. “Clearly, there are major opportunities in the South Korean hydrogen market, underlined by last week’s announcement for an H2Station® solution as well as the announced ambitions from the Korean government and industry. By assuming full ownership