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KREnergy SpA (KAIT.MI)

KAIT.MI on Milan Stock Exchange

0.54EUR
22 Sep 2017
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€-0.04 (-6.96%)
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Latest Key Developments (Source: Significant Developments)

Krenergy H1 net loss widens to EUR 1.6 million
Thursday, 7 Sep 2017 09:39am EDT 

Sept 7 (Reuters) - KRENERGY SPA ::H1 NET LOSS EUR 1.6 MILLION VERSUS LOSS EUR 0.4 MILLION YEAR AGO.H1 NET REVENUE EUR 1.1 MILLION VERSUS EUR 0.5 MILLION YEAR AGO.  Full Article

KREnergy signs agreement to develop lithium cell production process
Monday, 14 Aug 2017 04:31am EDT 

Aug 14(Reuters) - KRENERGY SPA ::SAID ON FRIDAY THAT ITS WHOLLY OWNED INDIRECT UNIT FIB HAD SIGNED A DEVELOPMENT AGREEMENT WITH THE MINISTRY OF ECONOMIC DEVELOPMENT (MISE) AND THE CAMPANIA REGION.THE AGREEMENT RELATES TO THE CREATION OF AN INNOVATIVE PROCESS TO MANUFACTURE LITHIUM CELLS IN COLLABORATION WITH UNIVERSITIES.THE INVESTMENT AMOUNTS TO EUR 55.4 MILLION.MISE AND CAMPANIA TO SUPPORT THE INVESTMENT FOR AROUND EUR 37.4 MILLION VIA CAPITAL CONTRIBUTIONS AND VIA SUBSIDIZED LOANS.THE DEVELOPMENT AGREEMENT TO LAST UNTIL DEC 31, 2020.AIM IS TO CREATE THE FIRST PLANT IN ITALY FOR THE PRODUCTION OF LITHIUM CELLS WITH A LOW IMPACT ON THE ENVIRONMENT.  Full Article

KREnergy closes sale of 50.1 pct of Kre Idro Srl to Nord Energia Srl
Thursday, 29 Jun 2017 08:52am EDT 

June 29 (Reuters) - KRENERGY SPA ::SAYS THAT IT HAS CLOSED, WITH A POSITIVE IMPACT OF EUR 2.08 MILLION ON THE COMPANY'S NET FINANCIAL POSITION, THE SALE OF 50.1 PCT OF KRE IDRO SRL TO NORD ENERGIA SRL.  Full Article

Krenergy Q1 net revenue down at EUR 1.4 million
Tuesday, 30 May 2017 12:14pm EDT 

May 30 (Reuters) - Krenergy SpA ::Q1 NET REVENUE EUR 1.4 MILLION VERSUS EUR 2.4 MILLION YEAR AGO.  Full Article

KREnergy signs framework agreement with Industrial and IMI Fondi Chiusi
Thursday, 13 Apr 2017 05:35am EDT 

KREnergy SpA : Signs a framework agreement with Industrial SpA and IMI Fondi Chiusi SGR . Industrial and IMI Fondi Chiusi SGR will transfer their stakes in Seri Industrial representing 100 pct of Seri Industrial share capital . Transfer of Seri Industrial to be realized through capital increase in kind to be reserved to Industrial and IMI Fondi Chiusi SGR for 190 million euros ($202.26 million) . Operation qualifies as a "reversed merger" . Framework agreement envisages a bridge loan of 3 million euros from companies of the group Industrial . Framework agreement proposes to shareholders the issue of free warrants for up to 3 warrants per owned share with a capital increase of up to 50 million euros to cover for the exercise of the warrants . Framework agreement proposes to shareholders a capital increase of up to 60 million euros to be offered to shareholders . Framework agreement proposes to shareholders a capital increase of up to 30 million euros for the exercise of warrants . If the capital increase in kind is approved and executed, it will lead to a change in ownership as Industrial would own a controlling stake in KREnergy . As the aim of the capital increase in kind is to help with the current crisis of the company, Industrial should be exempt from launching a takeover bid.  Full Article

KREnergy FY net loss widens to 8.4 mln euros
Thursday, 13 Apr 2017 02:36am EDT 

KREnergy SpA : FY net revenue 9.0 million euros ($9.59 million) versus 6.1 million euros a year ago .FY net loss 8.4 million euros versus loss 3.6 million euros a year ago.  Full Article

KREnergy sells 50.1 pct stake in Kre Idro to Nord Energia
Thursday, 6 Apr 2017 04:54am EDT 

KREnergy SpA : Said on Wednesday that the board approved to sell 50.1 pct stake in Kre Idro to Nord Energia . Board delegated the signing of a preliminary agreement which envisages a sale price for the stake in Kre Idro of 1.0 million euros ($1.07 million) .Agreement envisages that Nord Energia pays at closing for KREnergy's financing for a total, including interests matured until Dec. 31, 2016, of 1.6 million euros.  Full Article

KREnergy appoints Luciano Orsini as Chief Executive Officer
Friday, 5 Aug 2016 02:02am EDT 

KREnergy SpA :Said on Thursday it nominated Luciano Orsini, Chairman of the Board of Directors, as Chief Executive Officer (CEO).  Full Article

Krenergy H1 net loss narrows to 0.4 million euros
Wednesday, 3 Aug 2016 11:05am EDT 

Krenergy Spa : H1 net revenue 4.4 million euros ($4.92 million) versus 3.5 million euros year ago .H1 net loss 0.4 million euros versus loss 0.6 million euros year ago.  Full Article

KREnergy unit acquires Rotalenergia
Wednesday, 6 Jul 2016 11:15am EDT 

KREnergy Spa :Says its unit KRE IDRO Srl acquired 100 pct stake in Rotalenergia Srl.  Full Article

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