Change of terms- Reaktor ApS and Cassandra Oil
Reaktor ApS and Cassandra Oil AB have today agreed to amend the previous waste tire processing agreement. This was after a period of negotiations with raw material suppliers, buyers of oil and other end products as well as consultations with local authorities and Reaktor ApS’ funders.
As a result of above mentioned negotiations it has been agreed that Cassandra shall deliver two CASO processing plants, in order to reach target production volumes of interest, in particular for the renewable oil sector.
Cassandra will consequently sell two CASO processing plants to a Joint Venture company, in which Cassandra and Reaktor AsP will have agreed equity. The agreed price for each CASO plant is € 4.5 million.
| This information is information that Cassandra Oil AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Security Markets Act. The information was submitted for publication, through the agency of contact person set out above, on November 17, 2017 |
For further information, please contact
Mr Anders Olsson, Managing Director Cassandra Oil AB
Phone: +46 76-16 32 100 or
Mr. Flemming B. Jørgensen, Reaktor ApS
Phone: +45 40501314
Cassandra Oil is a Swedish company which, with the help of new technologies, recoveres oil from hydrocarbon-containing materials, such as used tires, plastic waste, oil sludge, waste oil and, eventually, oil sands, oil shale and electronic scrap. Cassandra Oil's share is listed on Nasdaq First North, Stockholm with the short name CASO with Remium AB as Certified Adviser. The number of shareholders is about 8000.
Taggar: