GFG Alliance subsidiary pays Simec Atlantis £5m to get out of hydro deal
Simec, a member firm of GFG Alliance, has announced that it will pay Simec Atlantis Energy £5 million to “extricate” itself from a deal to buy a Highland hydro firm.
Simec
Hydro plant boost after rule change
A key Highland hydro plant is to be upgraded to produce maximum capacity thanks to a Scottish Government ruling – firing the starting gun on benefits to the local economy.
Atlantis looks to raise £20m to fund power station project
Marine energy firm Atlantis Resources today announced plans to raise £20million through the placement of up 57.1million shares.
Atlantis, Simec deal spills over into second quarter
Atlantis Resources expects to announced the finalised terms of an acquisition that will lead to its incorporation into Sanjeev Gupta’s GFG Alliance in the next quarter.
“Strong progress” on Atlantis purchase of South Wales power plant from Simec
Edinburgh-based Atlantis Resources says “strong progress” has been made on its purchase of a power plant in South Wales from Simec.
Atlantis goes with the flow
The billionaire owner of a smelter near Fort William will join forces with Scottish tidal power firm Atlantis Resources.
Updated: Atlantis, Gupta’s GFG Alliance to create major renewables player
Scottish tidal power firm Atlantis Resources has become part of the Gupta family business empire after striking a deal for a power plant in south Wales.