LONDON-- Tidal power group Atlantis Resources Ltd (ARL.LN) Wednesday said it has agreed to acquire Bristol-based tidal business, Marine Current Turbines Ltd from conglomerate Siemens AG (SIEGY) in exchange for 10% of the enlarged group.

Shares at 0749 GMT, unchanged at 27 pence valuing the company at GBP24.1 million.

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

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