April 27 (Reuters) - Vulcan Energy Resources Ltd on Thursday said it teamed up with European essential
chemicals producer Nobian GmbH to establish a joint venture and
fund the Australian lithium group's central lithium plant (CLP)
in Germany.
Nobian will contribute 161 million euros ($177.76 million)
in cash as equity to fund capital expenses of the CLP, and buy
50% in a special purpose entity, which would include the CLP,
Vulcan said.
($1 = 0.9057 euros)
(Reporting by Sameer Manekar in Bengaluru; Editing by Maju
Samuel)
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