Following the sale, Pan Pacific will have no debts and circa US$16 million cash and liquid investments of US$3 million.
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Advanced Biomass Solutions (ABS), AEG’s biomass affiliate, will construct and run the plants
Cadogan has now stemmed its losses. The next step will be a real turnaround
Chief executive Hugh Mackay highlighted the oiler sees " so much activity on so many fronts in the months ahead".