HD Hyundai makes a strategic investment in Elcogen

October 11, 2023

Korea Shipbuilding & Offshore Engineering Co., Ltd., the Korea based shipbuilding and offshore engineering company of HD Hyundai, has agreed to invest EUR 45m in Elcogen Oy, the Finland and Estonia based manufacturer of clean energy technology, that delivers affordable green hydrogen and emission-free electricity. The investments is subject to amongst other things, Elcogen obtaining the approval of its shareholders to the issue of the new shares to KSOE.

Click here to read the press release

Target – Aktsiaselts elcogen

Buyer – Korea Shipbuilding & Offshore Engineering Co., ltd.

Seller – Shareholders

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