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10.0% 4.4¢ altech batteries ltd

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

  1. Rhino1963
    2,799 Posts.
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    18/07/19
    09:16
    Post #: 39573962
    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
    ATC Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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