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Europlasma SA to Sell Europe Environnement; Creates New Subsidiary; Europlasma SA's CHO Power Takes Out Loan

Monday, 8 Jul 2013 12:59pm EDT 

Europlasma SA announced that as part of its reorganization program it is to sell its subsidiary Europe Environnement. An agency which specializes in mergers and acquisitions has been engaged to find potential buyers. The Company also announced the creation of a new company called Chopex. Chopex is wholly owned by Europlasma SA's CHO Power, and will be responsible for the running and maintenance of the CHO Morcenx factory. The Company also announced that its subsidiary CHO Power has taken out two loans totaling EUR 4.5 million from CHO Morcenx SAS and Credit Suisse Europlasma SPV LLC. The money will be paid in three tranches, and will be used to buy new equipment for the CHO Morcenx factory. 

Company Quote

-0.12 -4.65%
31 Mar 2014