ENGIE acquires majority stake in Electro Power Systems

ENGIE signed a share purchase agreement to acquire a majority stake (slightly above 50%) of Electro Power Systems (EPS), a company specializing in energy storage solutions and microgrids, at €9.5 per share. The transaction is expected to close in Q1 2018.

“ENGIE announces today the signing of a share purchase agreement to acquire a majority stake of Electro Power Systems (EPS) slightly above 50% of the share capital and voting rights.”en.newsroom.engie.com

• 1 source
• en.newsroom.engie.comENGIE signs an agreement for the control of Electro Power Systems, a pioneer in hybrid storage solutions - Newsroom EngieJan 24, 2018

Summarized from public sources; check the original articles before acting on it.