IN BRIEF: Primorus investee Alteration Earth set to acquire Verdant
2nd Aug 2023 14:39
Primorus Investments PLC - London-based investor specialising in small and mid-cap companies and assets - Says investee Alteration Earth PLC, a London-based special purpose acquisition company, on Monday entered into a non-binding heads of terms agreement to acquire Verdant Earth Technologies Ltd, a Sydney-based renewable energy asset and technology developer. Alteration Earth would acquire all Verdant shares capital in exchange for new shares in Alteration; the proposed transaction value is GBP125 million. Says completion is not guaranteed as no binding agreement has yet been reached, but if the deal proceeds, it should complete in the fourth quarter of 2023. Read More