News blog

Active Energy Group

• BY: Andrew Hore |
• POSTED: 09/01/2013 |

Active Energy Group intends to acquire one of its joint venture partners.

Active Energy has signed non-binding heads of agreement for the purchase of the wood processing and distribution company. The strategy will be to integrate this business with the company’s raw material supply operations.

Active Energy has a ten year contract with Volyninvestbud, which is described as a logging and chipping company based in Ukraine. It is unclear if this is the business that it is buying.

At 1.7p a share, Active Energy is valued at £4.03m. There was £549,000 in the bank at the end of June 2012 but that is not much more than the cash outflow in the first half of 2012. The company will need a lot more cash if it is going to go through with the acquisition.

The company has had a few businesses over the past few years and it needs to show that it can make its latest incarnation work.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFDecember2012_39.pdf