Trading Emissions completes off-load of last remaining Italian solar asset
Trading Emissions
0.76p
17:00 17/05/18
-81.52%
-3.34p
Trading Emissions confirmed the completion of the sale of its remaining Italian solar operating subsidiary, Solar Energy Italia 1, on Thursday.
Financial Services
15,973.66
16:09 24/09/24
-1.10%
-177.84
FTSE AIM All-Share
742.60
16:10 24/09/24
n/a
n/a
The AIM-traded firm had announced details of the sale in mid-February and on 23 March.
Its board said the aggregate net proceeds from the sale, after allowing for transaction and other costs, were estimated to be €8.6m - equivalent, at the current exchange rate, to 3.01p per share.
“The company expects to announce a further distribution to shareholders in due course,” the board said in its statement.