UndisclosedMinority stakeEnergy & UtilitiesRumored
Hongli Group negotiating 20% stake in Xell Energy
Hongli Group, a Chinese cold roll-formed steel profile maker shifting into clean energy, is negotiating with stockholders of Xell Energy, formerly Sidus Energy Storage, to buy an aggregate 20% stake. No definitive agreement has been signed, and the deal remains subject to approvals.
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