Opcon: has received 15% of purchase price for sale of compressor and Waste Heat Recovery business
Opcon, the energy and environmental technology Group, has in accordance with the share purchase agreement concerning the sale of the Group’s business in compressor technology and Waste Heat Recovery to the Chinese investment fund, received 15% of the purchase price.
The purchase price is set at SEK 400 million. According to the agreement 15%, SEK 60 million, should be paid in cash within 20 working days from the agreement coming into effect. The agreement came into effect on the 24th of July following approval by the investment committee of the investment company that controls the buyer and the unanimous approval by an extra shareholder’s meeting in Opcon AB.
The remaining 85% of the purchase price shall be paid in cash upon the closing of the deal, which is expected to be 30 September 2015, when the buyer will gain ownership of the transferred shares.
For further information, please contact
Niklas Johansson, vice president, Investor Relations, Opcon AB, tel. 46 8-466 45 00, 46-70-592 54 53
Opcon AB, Box 15085, 104 65 Stockholm, Sweden
Tel. 46 8-466 45 00, fax 46 8-716 76 61
e-mail: info@Opcon.se
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.
Opcon AB (publ) is obliged to disclose the information in this press release in accordance with the Swedish law governing the securities markets and/or trading in financial instruments.
This information was submitted for publication on Monday 17 August 2015, at around 10:30 (CET).
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