Coro Energy plc (AIM:CORO) entered into an agreement to acquire additional 7.5% stake in Coro Renewables Vietnam from Vinh Phuc Electrical Mechanical Installation Co Ltd for £0.28 million on November 23, 2023. Under the terms, Coro Energy will pay $0.1 million (£0.08 million) in cash, £0.15 million in shares and a further contingent consideration of £0.05 million. Adrian Hadden and Ben Jeynes of Cavendish Capital Markets Limited and Jon Fitzpatrick and Doug Rycroft of Gneiss Energy Limited acted as financial advisors for Coro Energy.
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- Coro Energy plc entered into an agreement to acquire additional 7.5% stake in Coro Renewables Vietnam from Vinh Phuc Electrical Mechanical Installation Co Ltd for £0.28 million.