In France, McPhy Energy, specialized in low-carbon hydrogen production and distribution equipment, announced that it has received a binding offer from Atawey for the sale of its refueling station business. This offer follows the entry into exclusive negotiations between the two parties, announced in December 2023. The fixed part of the proposed price for the sale would be between $11.8-12.93 million. The transaction is expected to be finalized during the second quarter of 2024, subject to consultation with McPhy’s employee representatives, a process which has now begun, completion of financing for the transaction, and fulfillment of usual prerequisites, the firm said.
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