.
MergerLinks Header Logo

New Deal


Announced

eCombustible Energy terminated a $805m merger agreement with Benessere Capital Acquisition.

Financials

Edit Data
Transaction Value£601m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

De-SPAC

Private

Majority

Friendly

Alternative Fuels

United States

Reverse Takeover

Acquisition

Domestic

Merger

hydrogen fuels

Single Bidder

Failed

Synopsis

Edit

eCombustible Energy, an innovator and provider of customizable hydrogen-based fuel for thermal industrial applications, terminated its $805m merger agreement with Benessere Capital Acquisition, a SPAC. "We believe a carbon-free future will best be achieved on a win-win basis, with fossil fuel-reliant industries being empowered to transition to clean and renewable energy solutions without crippling investments. This business combination is intended to fuel the acceleration and adoption of eCombustible, and we are confident that we can help many of the world's largest industrial companies' transition to our carbon-free fuel and advance ESG objectives in a seamless, viable, and impactful way," Jorge Arevalo, eCombustible Energy CEO. On October 17, 2022, eCombustible terminates merger with Benessere Capital.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US