Enviro receives MSEK 53 payment for costs incurred, of which half in cash and half as ownership share in joint venture
· Scandinavian Enviro Systems (publ) (“Enviro” or the “Company”) has today received an initial payment for costs incurred relating to the plant in Uddevalla, Sweden. The payment has been made by the joint venture established by Enviro and Antin Infrastructure Partners. · In this initial stage, Enviro has received a payment of MSEK 53 million, of which MSEK 26.5 in cash and MSEK 26.5 in the form of shares in the joint venture. · As previously communicated, Enviro has an option to acquire an ownership share in the joint venture that over time will ultimately correspond to approximately 30