News blog
TEG Group
- BY: Andrew Hore |
- POSTED: 08/02/2012 |
- COMMENTS: Add yours
Peter Gyllenhammar has taken his stake in TEG Group to 3.2% following the purchase of 500,000 shares.
This follows Gyllenhammar’s ATH Resources share stake purchase and comes at a time when TEG is considering potential bids and other ways of financing projects. KPMG Corporate Finance is handling the formal sale process. Interested bidders will have to enter into a non-disclosure agreement.
Waste composting plants operator and installer TEG believes it can go it alone but a bidder with plenty of cash could help to accelerate growth.
Kier and Bridges Ventures have decided not to make an offer for TEG but there are other interested parties.
At 7.88p a share, TEG is valued at £9.25m. The 2012 figures will be published in the last week of March.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJanuary2012_28.pdf
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