Replies to post #3138 on Blue Sphere Corp. (BLSP)

[Tomix]

5,200,000 (Euros) in cash for past 4 plants

http://bluespherecorporate.com/blue-sphere-completes-acquisition-of-multiple-biogas-facilities-in-italy/

The Company paid EUR 5,200,000 (Euros) or the equivalent of approximately $5,720,000 (U.S. Dollars), plus closing costs to acquire all four biogas facilities including the assumption of certain debt associated with the acquisition of each facility. Fifty percent of the cash component of the purchase price plus closing costs was paid at closing, with the balance due three years from the closing date. Blue Sphere was provided with EUR 2,900,000 (Euros) or the equivalent of approximately $3,190,000 of capital from Helios Energy Investments to complete these acquisitions.
These acquisitions represent only four transactions of a pipeline of twenty-five biogas facilities that the Company is evaluating for acquisition in Italy alone. With these transactions Blue Sphere has developed a network of brokers, consultants, legal and accounting experts that will allow for further expansion into the European marketplace