Richard Burrell, chief executive of (), discusses with Proactive their acquisition of the wood pellet group Billingtons.
AMPH is buying Billingtons from Drax for £2mln, of which £400,000 will be in cash and £1.6mln in shares at a price of 98.5p.
Based in Liverpool, Billingtons supplies 40,000 tonnes of premium wood pellets a year to more than 1,500 commercial customers from four depots.
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of AMP Clean Energy named herein, including the promotion by the Company of AMP Clean Energy in any Content on the Site, the Company receives from...
FOR OUR FULL DISCLAIMER CLICK HERE