Sheffield Green’s subsidiary Wind Asia to explore potential acquisition of wind energy company
_0.jpg)
The sale consideration for 70% of the company, known as Advanced Blade Repair Services is £1 million.
Sheffield Green’s wholly-owned subsidiary Wind Asia Training has entered a non-binding term sheet to explore the potential acquisition of 70% of Advanced Blade Repair Services (ABRS), according to a release dated Apr 11.
The term sheet between ABRS and Wind Asia was first entered into on March 27. The total consideration for the purchase of 70% of ABRS is £1 million ($1.73 million)
Wind Asia has placed a refundable deposit in the sum of £200,000 as a demonstration of its good faith commitment and ABRS agreeing to an exclusivity period of two calendar months.
ABRS is a company incorporated in England and is in the business of providing wind energy training solutions in the UK.
The term sheet states that both parties should sign a sale and purchase agreement or other such agreements within two calendar months of the term sheet signing.
Shares in Sheffield Green closed flat at 17.8 cents on Apr 11.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10