Stilo Energy has another offer of help
Pop Investments fund and an entity affiliated with Stilo Energy’s largest shareholder are ready to buy back Stilo Energy’s shares and finance the company.
Recently, the Altkom Group was interested in rescuing Stilo Energy, a photovoltaic company in trouble. Now there are others willing to help it come out on top. They are Pop Investments Fund and an entity affiliated with Stilo Energy’s largest shareholder. They are ready to buy back Stilo Energy’s shares and finance the company. The offer is aimed at the company’s main shareholder and those shareholders who are covered by lock-up agreements. The basic financing would be up to PLN 4 million, with an additional PLN 1 million if needed. The purchase price for the shares is PLN 0.30 apiece. The offer is valid until August 31. The condition, however, is approval of a debt reduction arrangement with creditors by August 24.