ATC 5.26% 5.4¢ altech batteries ltd

Ann: Altech - Launch of German Project Equity Strategy, page-2

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    Highlights
    • Agreement to acquire 29% of German (Frankfurt) listed public company
    • German public company name will change to Altech Advanced Materials AG
    • Sale of a non-exclusive right to acquire up to 49% of Altech’s HPA project for US$100m
    • Access to larger pool of European institutional investors
    • Enhanced project valuation and less dilutionary for current Altech shareholders
    • Aligns with European investors desire for battery materials exposure
 
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