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

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.

 

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