Wize Pharma and Cosmos Capital enter into Bid Implementation Agreement
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- Cosmos Capital, a digital infrastructure provider, to become publicly traded through a business combination with Wize
- The combined company is expected to have approximately US$5 million in cash and cash equivalents at closing
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HOD HASHARON, Israel, and SYDNEY, Dec. 30, 2020 /PRNewswire/
Wize Pharma, Inc. (OTCQB: WIZP), a clinical-stage biopharmaceutical company focused on the treatment of ophthalmic disorders, and Cosmos Capital Limited, a leading digital infrastructure provider based in Sydney, Australia, today announced that they have entered into a bid implementation agreement ( BIA ), whereby Wize has agreed to make an off-market takeover offer to acquire all of the outstanding shares of Cosmos, subject to satisfaction of various closing conditions set forth in the BIA, resulting in Cosmos becoming a wholly-owned subsidiary of Wize.
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ACER’s first 70% target report on the minimum margin available for cross-zonal electricity trade in the EU 18.12.2020
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What is the minimum 70% cross-zonal electricity capacity target?
Europe s Clean Energy Package (CEP) has set a binding minimum 70% target for electricity interconnector capacity for cross-zonal trading (the “minimum 70% target ).
Why is monitoring the minimum 70% Target important?
The lack of sufficient cross-zonal capacity is one of the main barriers to the integration of electricity markets, and market integration is key to deliver on Europe s energy goals. The CEP established a clear rule – namely a minimum capacity margin available for cross-zonal trade (MACZT), the minimum 70% target , to be met by all Transmission System Operators (TSOs). The more interconnector capacity that is made available for cross-zonal trade, the more trading that can occur.