LMEL signs agreements for minimum 26% stake in three Amplus firms
LLOYDSME · price
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Lloyds Metals and Energy entered into share subscription and shareholder agreements with Amplus Energy and three firms to invest in at least 26% stakes under its Group Captive Scheme. It also signed power purchase agreements with Amplus Green One, Amplus Energy One and Amplus Ceres Solar.
The agreements advance LMEL's captive renewable power strategy and could secure power supply, but no deal value or financial impact was disclosed.