TEXEL Energy Storage acquires all the technology assets of the publicly listed environmental technology company, Swedish Stirling
On March 19, it was announced that TEXEL Energy Storage AB ("TEXEL") had made a public takeover offer ("Offer") for the shares of the publicly listed environmental technology company, Swedish Stirling AB ("Swedish Stirling"). On April 29, TEXEL confirmed the withdrawal of the Offer. The reason for the withdrawal was that the Offer was, among other things, conditional upon Swedish Stirling's board of directors cancelling the extraordinary shareholders' meeting scheduled for March 20, 2023, and that Swedish Stirling not be placed in liquidation, bankruptcy, or commence corporate reconstruction