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BRIEF-Hulisani Ltd agrees to buy solar sites developer Momentous Technologies

Published 2017/04/03, 13:50
Updated 2017/04/03, 14:00
© Reuters.  BRIEF-Hulisani Ltd agrees to buy solar sites developer Momentous Technologies
HULJ
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April 3 (Reuters) - Hulisani Limited HULJ.J :

* Acquisition in Rustmo1 Solar Farm Proprietary Limited and renewal of cautionary

* Has entered into a share sale agreement with Pravin Semnarayan and Gareth Warner to acquire Momentous Technologies Proprietary Limited

* Deal for a purchase consideration of 26,500,000 rand

* Hulisani will fund transaction with its cash reserves

* Co is in further discussions on the acquisition of additional assets within the renewable energy sector Source text for Eikon: ID:nJseC0037a Further company coverage: HULJ.J

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