Corum Eurion managed by Corum Asset Management acquired Electrolyzer Manufacturing Factory in Benavente, Portugal from Fusion Fuel Green PLC (NasdaqGM:HTOO) for €9.3 million on December 20, 2022. Savills Portugal advised the Company on the transaction. Savills Portugal - Consultoria, Lda provided due diligence to Fusion Fuel Green PLC.

Corum Eurion managed by Corum Asset Management completed the acquisition of Electrolyzer Manufacturing Factory in Benavente, Portugal from Fusion Fuel Green PLC (NasdaqGM:HTOO) on December 20, 2022. Rita Xavier de Brito, Marta Pontes, and Domingos Braga of Uría Menéndez acted as legal advisors to SCPI Corum Eurion (France), with Portuguese branch in the deal. Transaction generated net proceeds of nearly €7.5 million after certain holdbacks and deposits for the lease-back contract. The proceeds are expected to be used by Fusion Fuel to continue the buildout of the Benavente factory, fund the development of Fusion Fuel owned projects and HEVO-Chain technology, as well as for general corporate purposes.