ASX-listed high purity alumina hopeful, Altech Chemicals has finalised the terms of a staggered €5 million sale of a 25 per cent interest in German subsidiary, Altech Industries Germany to Frankfurt Stock Exchange-listed Altech Advanced Materials. Perth-based Altech, who retains ownership of the other 75 per cent of AIG, says it has now received the initial cash payment of €250,000 under the terms of the agreed deal.
ASX-listed high purity alumina hopeful, Altech Chemicals has finalised the terms of a staggered €5 million sale of a 25 per cent interest in German subsidiary, Altech Industries Germany, or “AIG” to Frankfurt Stock Exchange-listed Altech Advanced Materials, or “AAM”. Perth-based Altech, who retains ownership of the other 75 per cent of AIG, says it has now received the initial cash payment of €250,000 under the terms of the agreed deal.