1st Jul 2022 11:19
Active Energy Group PLC - London-based biomass focused renewable energy business - Completes the sale of its Lumberton site in North Carolina, US, for USD4.7 million. The purchaser is Phoenix Lumberton Industrial Investors LLC, a company owned by Phoenix Investors LLC, US-based commercial real estate firm.
Active Energy will receive net proceeds of USD3.9 million from the sale after the deduction of deferred maintenance fees and transaction expenses. The net book value of the Lumberton site at December 31 was USD4.3 million.
Current stock price: 0.11 pence, down 3.1% in London on Friday
12-month change: down 83%
By Heather Rydings; [email protected]
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