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HTOO Buys 70% Stake in QIND, Expands Into Gas and Engineering Services
HTOOFusion Fuel Green PLC(HTOO) ZACKS·2024-11-27 17:16

Fusion Fuel Green (HTOO) has completed the previously announced acquisition of a 70% stake in Quality Industrial Corp. (“QIND”) through a share exchange. This aligns with Fusion Fuel's strategy to build a full-service energy engineering business by integrating capabilities in both the traditional and clean energy sectors to meet the demands of the global power and utilities market.Per the deal, HTOO will issue a combination of 19.99% of its ordinary shares, along with convertible preferred shares.Strategic ...