Kontrol Energy Terminates Proposed Acquisition of Solar Energy Power Generation Assets

Kontrol Energy (CSE:KNR) has announced it has terminated its proposed acquisition of up to 20 Megawatts of solar power generation assets mentioned in its press release of May 4, 2017 and July 20, 2017.

As quoted in the press release:

In the course of completing its due diligence, Kontrol determined that the economics of the proposed transaction did not meet Kontrol’s targeted internal rates of return on equity and cash flows. Paul Ghezzi, CEO of Kontrol commented, “Our objective is to maximize shareholder value over the long-term. We have completed 4 acquisitions in the past 12 months and have numerous potential target acquisitions in various stages of due diligence and look forward to continuing to execute for the benefit of our shareholders.”

Click here to read the full press release.

Get the Latest Cleantech Investing Stock Information

Get the latest information about companies associated with Cleantech Investing delivered directly to your inbox.

Other Companies

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.


Leave a Reply