February 3, 2017 / 9:35 AM / 8 months ago

BRIEF-Unimot signs LoI with Alpiq

Feb 3 (Reuters) - Unimot SA :

* Said on Thursday that it signed a letter of intent (LoI) with Switzerland-based Alpiq AG (Alpiq)

* LoI concerns terms and timeframes to sign a cooperation agreement in order to jointly sell electricity and natural gas using traditional sales and e-commerce channels for individual clients and S&M companies

* LoI does not exclude a capital investment by Alpiq into the company unit or establishment of a joint special purpose company designed for the intended projects

* Alpiq produces and sells electric energy

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