2023-04-21 05:56:39 ET
- ILUS International ( OTCPK:ILUS ) negotiates new first phase deal with the Serbian Government that was delayed due to ILUS concerns following the 2022 election and heightened geopolitical tensions.
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The new first phase deal is expected to secure land and facilities for Replay Solutions and ILUS EV Technologies while returning 35% of the gross salaries of all hires and 25% of all capital expenditure made by the two ILUS entities.
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Total investment project incentives were estimated to be $8M for ILUS EV Technologies and in the region of $6M for Replay Solutions.
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ILUS negotiates new deal with Serbian government