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Elemental Holding concludes two investment agreements with PFR

Elemental Holding concluded on December 6, 2019 with the Foreign Expansion Fund, Closed-End Private Equity Investment Fund managed by PFR Towarzystwo Funduszy Inwestycyjnych SA, two investment agreements regulating the principles of cooperation between these entities.

The purpose of the first agreement is the purchase of 66% of the American company PGM of Texas LLC by the company SPV - a new entity created by the parties to the contract to implement this project. The second agreement regulates the fund's purchase of 32% shares in the German company RECAT from Tesla Recycling, a company that is part of the Elemental Holding group.

More details about the transaction can be found in the Current reports tab.

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