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PI Power International Limited (in liquidation): Board Announces the Sale of Stratius Investments Limited
Press Wire ♦
Published: April 13, 2017; 15:24 ♦ (Vindobona)
After completing the auction process previously announced, PI Power International Limited (in liquidation) (the Company) has sold its entire interest in Stratius Investments Limited, the Company's Cyprus-registered subsidiary (Stratius) that holds the claim for the arbitration award in relation to the Karpat Energo investment. After engaging with approximately two dozen parties, four participated in the detailed auction process. The winning bid was submitted by Meinl Bank AG. The sale price was EUR 2.75 million.
PI Power International Limited (in liquidation): Board Announces the Sale of Stratius Investments Limited / Picture: © Vindobona.org
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Disclosed inside information pursuant to article 17 Market Abuse Regulation
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