MPC Energy Solutions NV (DE:5IX) has released an update.
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MPC Energy Solutions has sold its combined heat and power plant in Puerto Rico for $4 million, with the sale prompted by reduced energy demand from the local off-taker. The transaction aims to optimize MPCES’s portfolio by focusing on more promising markets in Central America, despite resulting in a significant write-off on the investment. The sale reflects the company’s strategy to prevent further financial losses and concentrate on core projects.
For further insights into DE:5IX stock, check out TipRanks’ Stock Analysis page.
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