Oct. 3 at 4:03 PM
$HTOO - FRAUD ALERT
Fusion Fuel Portugal Bankruptcy (2024)
The Portuguese subsidiary operated an electrolyzer plant in Benavente.
***It collapsed with 300 creditors, including***:
€5.8M owed to the Portuguese government
€2.5M to IAPMEI (innovation agency)
€2M to the Environmental Fund
€1.1M to Social Security
€226K to tax authorities
The largest creditor, Baumann Group, is owed €7.5M and holds €2M in Fusion Fuel assets