Leclanche, Pinnacle advance plan for energy storage JV
- Admin
- Sep 25, 2024
- 3 min read
UK private equity firm Pinnacle International is advancing a due diligence process related to a planned strategic partnership with Swiss energy storage solutions provider Leclanche SA. The companies plan to establish a joint venture and construct two 2 GWh production facilities. Pinnacle will provide CHF 360 million for this purpose. Leclanche will have a 50% stake in the joint entity. Pinnacle will obtain a 40% shareholding in Leclanche. The private equity firm will also have an option to buy up to 30% additional stake in Leclanche. The partnership aims to inject capital into Leclanche to speed up its growth. Shares in Leclanche traded 8.04% higher in Zurich on Wednesday.
Source:
Want to read more?
Subscribe to vitaliydaviy.wixsite.com to keep reading this exclusive post.
