Plug Power and Air Liquide subsidiary to form JV to provide fuel cells for material handling applications in Europe
Green Car Congress
NOVEMBER 10, 2011
Ownership in the joint venture will be shared so that Plug Power’s initial shareholding in the joint venture will be 45%, and Axane’s initial shareholding in the joint venture will be 55%. Plug Power will have the opportunity to leverage its ownership stake to acquire a majority stake in 2016.
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