Business
Gaensel Energy Group, Inc. (GEGR) Announces Agreement to Sell Assets for Twelve Million USD
Gaensel Energy Group, Inc. (GEGR) Announces Agreement to Sell Assets for Twelve Million USD.
About this update from Gaensel Energy Group, Inc.
[{"type":"text","content":"Salt Lake City, Utah--(Newsfile Corp. - October 31, 2022) - Gaensel Energy Group, Inc., (OTC Pink: GEGR) (\"Gaensel\" or the \"Company\"), a diversified holding company, announces a corporate update. On October 27, 2022, Gaensel Energy Group, Inc. signed the final agreement with Art & Luxury SARL, a Luxembourg based Investment firm, https://artluxury.eu/, whereas Gaensel Energy sold its interest in: Filiman SRL; Flowers Trade SRL; Flowers Lab SRL; Forum SRL; Itacar SRL; Italpose SRL; Suite 110 SRL; Zuc Energy SRL and Bioenzyme SRL to Art & Luxury SARL for Twelve Million USD ($12,000,000). Attorney Antonio Franchino, President of Art & Luxury states, \"the purchase of these assets is the first of the potential many transactions with Gaensel Energy. Our fund foresees the relationship with Gaensel Energy for the development of mutual business investments in Europe and in North America.\"Gaensel Energy liquidation of its interest in these assets will reduce management and accounting expenses and consolidate its focus on Green and Renewable Energy investments. The company with this sell of assets will now have the opportunity to found and consolidate the medical and green energy investments and growing activities and, at the same time, to reduce the management expenses. About Gaensel Energy Group, Inc. (OTC Pink: GEGR):Gaensel Energy Group asset base currently consists of proven companies in Biotech, Commodities, Health, Beauty - Fashion, Green and Renewable Energy, and Technology. The management teams for each of these divisions are actively seeking similar partners in each space for expansion and additional acquisitions. We have been listed on the United States OTC Markets since 2002 and the Company is current. Gaensel Energy Group, Inc. 57 West 200 SouthSuite 300Salt Lake City, UT [email protected]: +1 518-567-3649https://www.gegrgroup.comhttps://twitter.com/gegrgroupForward-Looking statementsThis document contains certain forward-looking statements with respect to the financial condition, results of operations and business of Gaensel Energy Group, Inc., (GEGR), and certain of the plans and objectives of GEGR with respect to these items. Examples of forward-looking statements include statements made about our strategy, estimates of sales growth, future EBITA and future developments in our organic business. ...