PGNiG Ventures finalizes the second tranche of investment in Enelion
PGNiG Ventures has completed the second tranche of its investment in Enelion, a company offering comprehensive solutions for electromobility, including chargers for e-cars, thus increasing its shareholding in the company’s share capital to 14.39%. The company met its operating targets and, most importantly, achieved a volume and average selling price for the chargers satisfactory to the fund. Under the second tranche, PGNiG Ventures acquired newly created shares in Enelion and bought back some of the shares from the founders for a total of over PLN 2.5 million.
Once the share capital increase is registered, the next stage of the transaction will be the repurchase of further shares from the founders. Following the closing PGNiG Ventures will hold a 17.05% stake in Enelion's share capital, for a total value of PLN 6 million.