German green hydrogen project developer APEX Group has signed an agreement to see 100% of its shares acquired by investment holding company Exceet Group, taking it onto the Frankfurt Stock Exchange (FSE).
Exceet has been listed on in the Primary Standard of the FSE since 2011, and upon completion of the transaction with APEX, the green hydrogen developer will be listed on the stock exchange under the umbrella of Exceet.
H2 View understands APEX will receive approximately €87m ($94m) in fresh capital as part of the transaction, with €70m ($75m) expected to be used to realise its 1.7GW pipeline of green hydrogen projects, while the remaining €17m ($18m) will be used to repay financial liabilities.
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