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Econergy says looking to sell or merge firm

Mon Apr 14, 2008 2:30am EDT

LONDON, April 14 (Reuters) - Latin America-focused renewable power company Econergy International ECG.L, which last week received two takeover approaches, said on Monday it is seeking to sell or merge the company to maximise its assets' value.

The London-listed wind power and hydro project developer said its directors are seeking to raise working capital to complete projects under development but "are necessarily assessing the implications of the offer approaches and the weakening credit environment."

For more, see [ID:nL11397418]

(Reporting by Chris Wills, )

(chris.wills@reuters.com; 0044 (0)20 7542 5331; Reuters Messaging: chris.wills.reuters.com@reuters.net))


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