Misen Energy AB (publ) purchased 47.5 % of shares in Misen Enterprises AB

On 13 September 2021, Misen Energy AB (publ) closed the purchase of 47.5% of shares and share capital in Misen Enterprises AB with the Hong Kong based company Powerful United Limited (“PUL“). TCT Holding AB, shareholder of Misen Energy AB (publ), controls PUL indirectly.

The shares’ purchase price was SEK 2,724,817 plus 47.5% of the distributable income from the compensation, if any, to be received following the completion of the investment arbitration against Ukraine in ICSID Case No. ARB/21/15 (“BIT arbitration”). Under the agreement, Misen Energy AB (publ) and PUL undertook to share the costs of the funding, if any, to finance the BIT arbitration. 

As a result, Misen Energy AB (publ) now owns 98% of shares in Misen Enterprises AB.