Enviro and Michelin Agree on Key Principles for Strategic Partnership
As part of the strategic partnership negotiations, Scandinavian Enviro Systems (publ) (“Enviro” or “The Company”) and the French global tyre manufacturer Michelin have agreed on the principle terms for establishing a first jointly owned recycling plant and a license agreement regulating the terms of use for Enviro’s recycling technology as well as subsequent compensation. The agreement is subject to the approval of Enviro’s owners at an Extraordinary General Meeting (EGM) and the closing will be done after the EGM. Notice of an EGM will be sent out separately.N.B. The English text is an in-