Otovo AS Class A (DE:89K) has released an update.
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Otovo ASA’s subsidiary, European Distributed Energy Assets Midco AS, has acquired a customer portfolio in Austria for EUR 4.3 million, enhancing its leasing volumes and financial assets. The transaction, funded through a revolving credit facility, aligns with Otovo’s strategy to consolidate residential energy customer portfolios across Europe. This acquisition supports Otovo’s ongoing portfolio sale, expected to finalize in early 2025.
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