Enviro and Michelin prolongs letter of intent regarding strategic partnership
Scandinavian Enviro Systems (publ) and the French global tyre manufacturer Michelin, has prolonged the letter of intent regarding a strategic partnership which was announced in April 2020. Initially the parties expected that a final agreement would have been reached by mid-year 2020, but the negotiations have been somewhat delayed, partly due to the ongoing pandemic. Therefore, Enviro and Michelin are prolonging the letter of intent until the end of October this year where both companies assess that they will be able to provide more details at the latest. Simultaneously the exclusivity