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Apc Technology Group PLC Announces Acquisition Of Remaining 10% Of Minimise Energy Limited


Monday, 4 Nov 2013 02:00am EST 

Apc Technology Group PLC announced that it has agreed terms to acquire the remaining 10% of the issued share capital of Minimise Energy Limited (Minimise Energy). Pursuant to the terms of the acquisition (Minimise Energy Acquisition), APC has agreed to pay the minority shareholder of Minimise Energy, in which APC currently has a 90% holding, a total cash consideration of approximately GBP385,000. On completion of the transaction, APC will own 100% of Minimise Energy. The total consideration payable values Minimise Energy at approximately GBP3,850,000. 

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