Alternus Clean Energy Has Terminated Its MIPSA With C2 Taiyo Fund I, LLP To Acquire ~80MWp Solar Installations Across 8 U.S. States, Originally Announced On May 1, 2024, Due To Seller's Failure To Meet The Required Closing Conditions And Fundamental Changes In The Portfolio Of Assets Planned To Be Acquired
Portfolio Pulse from Benzinga Newsdesk
Alternus Clean Energy has terminated its agreement with C2 Taiyo Fund I, LLP to acquire 80MWp solar installations across 8 U.S. states due to the seller's failure to meet closing conditions and changes in the asset portfolio.
September 19, 2024 | 8:21 pm
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Alternus Clean Energy has canceled its acquisition of 80MWp solar installations due to the seller's failure to meet conditions and changes in the asset portfolio.
The termination of the acquisition deal is likely to negatively impact ALCE's stock price in the short term as it indicates a setback in their expansion plans. The failure to meet closing conditions and changes in the asset portfolio suggest potential instability or issues with the seller, which could affect investor confidence.
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