DJ CMG CLEANTECH S.A. SIGNS MOU WITH PANACEA GLOBAL ENERGY, INC.
CMG Cleantech S.A.
CMG CLEANTECH S.A. SIGNS MOU WITH PANACEA GLOBAL ENERGY, INC.
01-Apr-2025 / 17:14 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
=----------------------------------------------------------------------------------------------------------------------
CMG CLEANTECH S.A. SIGNS MOU WITH PANACEA GLOBAL ENERGY, INC.
[Paris, 01 April 2025] - Following the signing of a Memorandum of Understanding (MOU) between CMG CleanTech S.A.
("CMG") and Panacea Global Energy, Inc ("PGE") CMG has announced that it has agreed to acquire 25% of PGE, valued at
USD 18 million. The consideration will be settled through the issuance of CMG shares in accordance with the relevant
laws.
CMG will collaborate with PGE on its Green Garden Village ("GGV") project in Florida. This groundbreaking initiative
aims to develop a sustainable business ecosystem integrating residential communities, renewable energy, manufacturing,
and wellness. The manufacturing facilities within GGV will include green hydrogen production, battery recycling, solar
technology and heat pump innovations, with the goal of generating 100% of the project's energy requirements on-site.
Commenting on the announcement, CMG's Directeur Général (CEO), Darren Taylor said "This marks an exciting new chapter
for CMG. Our collaboration with Panacea Global Energy on the Green Garden Village project aligns with our mission to
drive innovation and sustainability in the clean energy sector."
About CMG CleanTech S.A.
Listed on the Euronext Paris Exchange, CMG CleanTech S.A. ("CMG") is driven by a strong, secure ESG strategy - to
develop the clean hydrogen and solar technology at its disposal and help countries, organisations and individuals
alleviate their environmental impacts and meet ambitious 2050 carbon neutrality goals.
https://www.cmgcleantech.com/
Contacts for IR and media enquiries:
pr@financialmedia.group
Franziska Grobler Financial Media Group
=----------------------------------------------------------------------------------------------------------------------
Regulatory filing PDF file
File: CMG CLEANTECH S.A. SIGNS MOU WITH PANACEA GLOBAL ENERGY, INC.
=----------------------------------------------------
Language: English
Company: CMG Cleantech S.A.
6 place de la Madeleine
75008 Paris
France
E-mail: charlotte@unity-group.com
Internet: https://www.cmgcleantech.com/
ISIN: FR0013406881
Euronext Ticker: MLCMG
AMF Category: Inside information / Other releases
EQS News ID: 2110124
End of Announcement EQS News Service
=------------------------------------------------------------------------------------
2110124 01-Apr-2025 CET/CEST
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=2110124&application_name=news&site_id=dow_jones%7e%7e%7ef1066a31-ca00-4e1a-b0a4-374bd7d0face
(END) Dow Jones Newswires
April 01, 2025 11:16 ET (15:16 GMT)
© 2025 Dow Jones News