|
|
Article: British Gas New Energy to Acquire 19 Per Cent Stake in Econergy Ltd.
- Article from:
- PRWeb
- Article date:
- May 13, 2009
CopyrightCOPYRIGHT 2009 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
May 13, 2009 (PRWeb.com via COMTEX) -- Centrica plc, through its British Gas New Energy division, today announced that it has acquired a 19 per cent share of Econergy Ltd ('Econergy'), for a cash consideration of GBP1 million. The deal includes the right to acquire the remaining share capital of the business over the next four years.
Econergy is a leader in biomass heating, which replaces fossil fuels with renewable energy sources for combustion to produce heat. Econergy sells, designs, installs and maintains these systems for individual domestic properties, business and public sector customers. It also provides community solutions in the form of district heating ...