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EQTEC acquisition 'the logical next step' - CEO Gerry Madden

Published: 12:52 17 Jul 2017 BST

Gerry Madden, chief executive of EQTEC Plc (LON:EQT) talks Proactive's Andrew Scott through their agreement to acquire assets from the company’s majority shareholder.

The acquisition will be supported by a new fundraising, via a placing of new shares, and is expected to create ‘a leading company in waste gasification to energy”.

As a result of the deal, the enlarged EQTEC business will have a pipeline of projects in the UK (plus interests in Croatia) including the Reliable Melton Hull and Reliable Seal Sands projects, as well as a Zebec Energy project in Usk, Wales.

EQTEC management express optimism on longer-term future of share price

EQTEC PLC (AIM:EQT) CEO David Palumbo and COO Jeffrey Vander Linden speak to Thomas Warner from Proactive London about the recent downward trajectory of the clean technology company's share price. Palumbo starts by acknowledging the challenges, emphasising that the entire board and company...

on 9/10/23