Hydro swaps stake in Lithium de France for shares in Arverne Group
France, Oct. 10 -- Arverne Group, listed on Euronext Paris, is a French provider of geothermal solutions and the largest shareholder in Lithium de France. Hydro acquired a 12 percent stake in Lithium de France in 2023.As part of the transaction, Hydro Energy Invest AS, a wholly owned Hydro entity, transfers its 474,753 Lithium de France shares to Arverne Group. In return, 2,232,288 new Arverne Group shares are issued to Hydro Energy Invest AS, giving Hydro an ownership of 6 percent of Arverne Group's current voting share capital.Hydro Energy Invest AS is committed to retaining its Arverne Group shares until the earlier of the date of completion of a capital increase by Arverne Group and a period of 18 months from the date of completion of t...
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