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Multimatrix signs for investment in wind energy

30 Aug, 2010 10:36
שלח תגובה במיילGlobes' correspondent

The investors have an option to increase their stake by 15% at the same price per share.

Multimatrix Ltd. (TASE: MLTX) has signed a memorandum of understanding (MOU) for an investment in its wind energy venture.

The investment is for $1.5 million. The investment is at a company value of $20 million. The investors have an option to increase their stake by 15% at the same price per share. The investment funds will be used to acquire the wind energy venture.

Earlier this year the investment company had reported its intention to buy a wind farm in the Golan.

Multimatrix shares rose 0.7% in early trading.

Published by Globes [online], Israel business news - www.globes-online.com - on August 30, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010

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