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Altech Chemicals - Sale of Altech Industries Germany for A$4 8.3m


Altech Chemicals Limited (Altech/the Company) (ASX: ATC) (FRA: A3Y) is pleased to announce that it has executed a binding Memorandum of Understanding (MOU) to sell 25% of its wholly owned Germany subsidiary – Altech Industries Germany GmbH (AIG) for € 5.0 million (~A$ 8.3 million), to Frankfurt Stock Exchange listed Altech Advanced Materials AG (AAM).

The consideration payable for the sale is structured as follows...

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