Nel partners with Samsung company - which also becomes new major shareholder

Published on 03/11/2025 at 12:40 - Modified on 03/11/2025 at 12:41

Finwire - Translated by Marketscreener - See original

-0.08%

Norwegian hydrogen company Nel has signed a cooperation agreement with Samsung E&A to offer its customers complete hydrogen plants using Nel's electrolysers. In a separate transaction, Samsung E&A will also purchase newly issued shares in Nel and gain a 9.1% stake. This is stated in a press release.

As a result of the transaction, Samsung E&A, formerly known as Samsung Engineering, will become the single largest shareholder in Nel.

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