Reported 7 months ago
FTNN News Network reported on June 12, 2024, that Taiwan Cement (1101) announced that the board has approved the acquisition of the remaining 11.13% outstanding shares of the French energy company NHOA S.A. through its subsidiary, Taiwan Cement Europe Holdings B.V. Taiwan Cement had previously indirectly held 88.87% of NHOA's shares. The acquisition price is set at 1.1 euros per ordinary share in cash. After becoming a wholly-owned subsidiary, NHOA S.A. will be delisted from the Euronext Paris Stock Exchange. Taiwan Cement emphasized the benefits expected from the acquisition, including financial, operational integration, and efficiency enhancements, facilitating collaboration with other group companies in Europe's energy storage market, among other solutions.
Source: YAHOO