Acquisition of Cindrigo Energy Limited
Challenger Acquisitions Limited (LSE: CHAL) announces that further to the announcement of 1 March 2021 concerning the lapse of the offer by the Company in respect of the acquisition f the shares of Cindrigo Limited (the ‘Offer’), Challenger has entered into an agreement with Cindrigo Energy Limited (‘CEL’) in respect of an alternative proposal involving the acquisition of CEL whilst it remains the 100% parent of Cindrigo Limited (the ‘Acquisition’). Cindrigo Energy Limited is part of a group of companies pursuing renewable energy projects built on broad Swedish expertise and experience in the waste to energy and biomass energy sector.
A copy of the announcement can be downloaded HERE
