HydrogenPro ASA: Secures strategic NOK 82.7 million investment from ANDRITZ AG – disclosure of large shareholding
Summary
The Board also emphasised that the transaction is supported by the shareholders represented on the board.As a result of the Private Placement, Andritz AG has been allocated and has subscribed for 6,605,634 news shares in the Company. Subject completion of the Private Placement, Andritz AG will increase its holding of shares and voting rights in the Company from 3,038,402 (4.8%) to 9,644,036 (13.8%), and thereby exceeding the 10% threshold. We are an experienced engineering team of leading industry experts, drawing upon unparalleled experience and expertise in the hydrogen and renewable energy industry.International technology group ANDRITZ offers a broad portfolio of innovative plants, equipment, systems, services and digital solutions for a wide range of industries and end markets. ANDRITZ is a global market leader in all four of its business areas Pulp & Paper, Metals, Hydropower and Environment & Energy. The publicly listed group has around 30,000 employees and over 280 locations in more than 80 countries.This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and the Norwegian Securities Trading Act sections 4-2 and 5-12.This stock exchange announcement was published by Joachim Rogne on the time and date provided.