Nel raises EUR 85 million to strengthen balance
The Norwegian-Danish hydrogen firm must increase activity and strengthen its balance even more quickly than expected, Nel writes. The amount of EUR 84.9 million is meant to reinforce the company's position among its competitors.
For the past many quarters, Nel's financials have shown a kind of one-way traffic, and for the third quarter 2019, the company's only uncertainty was whether the deficit would amount to a double- or triple-digit deficit in the millions (NOK).
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