Swedish energy group Opcon acquire 28 per cent stake in Opcon’s Australian distributor

4 June 2009

Opcon, the Swedish energy and environmental technology group, will subscribe a total of 44.3 million shares in a coming new share issue of Australian Enerji, who had earlier entered into an agreement to acquire Opcon’s Australian distributor, CoGen ORC Power.

The price has been set at €250,000 and is expected to provide Opcon with 14 per cent of Enerji. Opcon has also arranged for a consortium of Swedish investors to subscribe to a further 44.3 million shares, amounting to another 14 per cent of Enerji.

CoGen ORC Power is a newly founded company specialising in the application of waste heat recovery in conjunction with the Opcon Powerbox.

‘With CoGen/Enerji we have got a knowledgeable and focused partner within Australia with its large distances and high electricity prices. In accordance with our strategy to take further steps in the value chain of the technology behind our Opcon Powerbox and increase shareholder value we are entering as owners of Enerji at the same time as CoGen/Enerji are being given the exclusive distribution rights for Opcon Powerbox in Australia. By this Opcon is supporting both CoGen’s business plan as well as its Enerji management,’ says Rolf Hasselström CEO Opcon.

Copyright © 2009 NewNet

This story was published on Thursday, June 4th, 2009 at 10:20 am and is filed under Australasia, deals, energy efficiency. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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