13
Nov
14:11
Shenergy Group strengthens position in hydrogen JV
Chinese state-owned firm Shenergy Group has increased its equity interest in its joint-venture partnership with Canada-listed Xebec Shanghai, set up in 2015, Kallanish reports.
The company will invest $3.4 million and, after the transaction is concluded, will own 35% of the joint venture. Xebec Shanghai remains the majority stakeholder with a 60% stake and the remaining 5% is owned by a management incentive pool. Completion is expected in December.
“The n…
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Anonymous
Very good overview of the weekly steel market.
Anonymous