German green hydrogen developer HH2E has opened a call for investment offers and engaged a UK assurance firm to advise on a structured merger and acquisition (M&A) process after the company filed for insolvency.
With Earnest & Young, HH2E plans for the M&A process to start with exchanging information with potential investment bidders, and eventually conclude with submissions of indicative offers.
A shortlist of the most competitive bids will be finalised, with the process hoped to be concluded by the end of January 2025.
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