Ampal Signs Option Exercise Agreement to Acquire 25% in Ethanol Project in Colombia
Green Car Congress
JANUARY 4, 2010
pursuant to which it has exercised an existing option to convert Ampal’s existing $22.249 million loan ($20 million plus accrued interest) into a 25% equity interest in a sugarcane ethanol production project in Colombia being developed by Merhav. Colombia requires 10% ethanol blending in gasoline distributed in Colombia.
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