Atlantis Resources Acquires Marine Current Turbines From Siemens
April 29 2015 - 4:21AM
Dow Jones News
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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