Rostra AG Acquires COMAN for Up to $20M, Takes Loan
Rostra AG acquired all of COMAN, which holds a 15% stake in Sicohydro, owner of the 240 MW Busanga plant. The purchase price is up to $20M in two tranches; financing is a loan of up to $20M at 9% per year, maturing in 2031 and extendable to 2036, with lender recourse to the COMAN stake.