McPhy Energy S.A. (ENXTPA:MCPHY) proposed to acquire refueling station business of Atawey SAS from ATAWEY SAS for ?12 million on February 19, 2024.The fixed part of the proposed price for the sale would be between ?11 and ?12 million, plus a variable part that could amount up to several million euros. This earn-out would be implemented from the date of completion of the transaction and would be conditional on the future order intakes relating to the scope of business covered by the contemplated transaction. The transaction is subject to consultation with McPhy's employee representatives, a process which has now begun, completion of financing for the transaction, and fulfillment of usual prerequisites.

McPhy will continue to pay a particular attention to the proper execution of ongoing projects, until their finalization. The transaction is expected to be finalized during the 2nd quarter of 2024.