on ACTAQUA AG (isin : DE000A3H2TU8)
PAUL Tech AG Secures EUR 120 Million for Climate Initiative
PAUL Tech AG has announced a significant financing milestone, securing EUR 120 million from MEAG, Munich Re's asset management arm. The funding is aimed at advancing the "PAUL Net Zero" project, an initiative focused on providing climate-neutral heat supply to residential buildings. This financial commitment underscores the support for sustainable energy solutions in real estate.
The financing will be allocated in tranches, each with specific terms and conditions, structured as an amortizing facility over a maximum of 10 years. This strategic move aligns with ongoing efforts to transition to environmentally friendly energy solutions on a substantial scale.
The announcement of this financing deal was made public in accordance with Article 17 of the European Market Abuse Regulation (MAR), ensuring transparency in significant corporate developments.
R. P.
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