LONDON (Thomson Financial) - Tinopolis made early headway, climbing 8-1/2
pence to 42-1/2 following the agreed 44.7 million pounds, or 45 pence-a-share,
cash offer from Bidco, a newly incorporated company formed and controlled by
investment partnerships advised by Vitruvian Partners.
Also on the upside, ReEnergy Group ticked up 0.625 to 5.00 after the company
agreed to sell Estech to an LSE-listed company for up to 1.9 million pounds
cash.
Estech, a developer of autoclaving technology, is the group's only operating
subsidiary, and ReEnergy intends either to adopt a revised investment strategy
or return cash to shareholders and wind itself up.
tf.TFN-Europe_newsdesk@thomsonreuters.com
fjb/slm
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