Generation Capital Ltd entered into the sales agreement to acquire the remaining 50% stake in Rapac Energy Ltd. from Rapac Communication & Infrastructure Ltd.

Generation Capital Ltd entered into the sales agreement to acquire the remaining 50% stake in Rapac Energy Ltd. from Rapac Communication & Infrastructure Ltd on January 14, 2024. The transaction constitute 50% of the issued share capital of Rapac Energy Ltd, as well as the owner's loans provided by it to Rapac Energy to Generation Capital Ltd, which holds the remaining shares in Rapac Energy. On March 12, 2024, all the conditions precedent were met required to complete the control purchase transaction, with the exception of the transfer of MRC shares to a corporation jointly controlled by the company and Generation (directly or indirectly), which, as agreed by the parties, will be transferred at the time of completion of the control purchase transaction.

The date of completion of the control purchase transaction is expected to take place by the end of March 2024.