$MUX (-0,1%) completes the sale to Hyundai Heavy Industries Power Systems (HPS). Since acquiring NEM from Siemens in 2022, Mutares has successfully restructured the group. According to the CIO, Mutares has reached an important milestone with this sale. The sale underscores Mutares’ ability to achieve its strategic goals. Mutares has thus begun the monetization of projects in the second half of the year, as announced in Q2. We’ll see if more follows. Unfortunately, the parties have agreed not to disclose the purchase price or the terms of the agreement. Therefore, we’ll have to wait for the Q3 results to see how the sale impacts earnings.
