Enviro‘s deal with Michelin has lifted its funds to 75M Swedish Krona.
Enviro Strengthens its Financial Position
Scandinavian Enviro Systems AB (Enviro) has now completed the directed share issue to Michelin that was part of the letter of intent announced on April 15 regarding a long-term strategic partnership between the two companies. Following the share issue, Enviro’s cash and cash equivalents amount to approximately 75 M Swedish Krona (SEK).
Michelin’s investment in Enviro was made by way of a directed share issue (private placement) of a total of 116,165,223 shares a...
Enviro Strengthens its Financial Position
Scandinavian Enviro Systems AB (Enviro) has now completed the directed share issue to Michelin that was part of the letter of intent announced on April 15 regarding a long-term strategic partnership between the two companies. Following the share issue, Enviro’s cash and cash equivalents amount to approximately 75 M Swedish Krona (SEK).
Michelin’s investment in Enviro was made by way of a directed share issue (private placement) of a total of 116,165,223 shares a...
