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Pacific Green Technologies to sell Pacific Green Battery Energy Parks 2

Nov. 07, 2023 8:35 AM ETPacific Green Technologies Inc. (PGTK) StockBy: Sinchita Mitra, SA News Editor
  • Pacific Green Technologies (OTCQB:PGTK) said it will sell 100% of the shares in Pacific Green Battery Energy Parks 2 to Sosteneo HoldCo for £210M .
  • Under the terms of the deal, Pacific Green and Sosteneo have granted each other respective options to buy or sell the shares of Pacific Green Battery Energy Parks 2.
  • As part of the deal, Sosteneo will give a capital expenditure loan, which together with the senior debt facility, will fully fund the development and construction of Sheaf Energy Park.

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