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BRIEF-Pyrolyx and carbon clean tech AG announce planned merger
February 12, 2015 / 1:17 PM / 3 years ago

BRIEF-Pyrolyx and carbon clean tech AG announce planned merger

Feb 12 (Reuters) - Pyrolyx AG :

* Together with carbon clean tech AG have agreed trough a non-binding term sheet to essential details of a planned merger

* 10 million euros ($11 million) investment volume through Pyrolyx AG into research and development, production and sales

* cct Stegelitz GmbH, a fully owned subsidiary of cct AG, will be incorporated into Pyrolyx AG by way of a capital increase Source text for Eikon: Further company coverage: ($1 = 0.8823 euros) (Gdynia Newsroom)

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