Opcon: Closing of sale of compressor and Waste Heat Recovery business set to October 30
On June 30, 2015, Opcon, the energy and environmental technology Group signed a share purchase agreement with the Chinese fund Shanghai XingXueKang Investment Partnership concerning the sale of the Group’s business in compressor technology and Waste Heat Recovery.
The purchase price is SEK 400 million. 15% of the purchase price was paid in cash in August after approval of the agreement by the investment committee of the investment company that controls the Buyer and by an Extra Shareholders’ Meeting in Opcon AB held on July 24.
The remaining 85% of the purchase price shall be paid in cash upon Closing of the deal, which was expected to take place around 30 September 2015.
The parties have agreed on 30 October for Closing.
Closing will take place in Advokatfirman Vinge’s office in Stockholm.
For further information, please contact:
Niklas Johansson, vice president, Investor Relations, tel. 08-466 45 11, 070-592 54 53
Opcon AB, Box 15085, 104 65 Stockholm, Sweden
Tel. 08-466 45 00, fax 08-716 76 61
The Opcon Group
Opcon is an energy and environmental technology Group that develops, produces and markets systems and products for eco-friendly, efficient and resource-effective use of energy.
Opcon has activities in Sweden, Germany and the UK. There are around 140 employees. The company’s shares are listed on Nasdaq OMX Stockholm. The Group comprises one business area:
Renewable Energy focuses on the following areas: compressor technology, electricity generation based on waste heat, bioenergy-powered heating and CHP plants, pellets plants, handling systems for biomass, sludge, recycling industry and natural gas, industrial cooling, flue gas condensation, treatment of flue gases and air systems for fuel cells.
This information was submitted for publication on Tuesday 29 July 2015, at around 16:30 (CET).