Tuesday, December 13, 2005
GTE set to float on AIM
Story Gas Turbine Efficiency, the aviation cleaning-systems supplier, is to float on the Alternative Investment Market, the Financial Times said.
The unsourced item said that the transaction will happen on 21 December and is expected to raise over GBP 5m (EUR 7m), valuing the group at GBP 13m. The placing was priced at 30p a share, the report said, noting that it is thought to be twice subscribed.
The Swedish business is 71.4% owned by EIG Venture Capital and develops technology for cleaning power plants and aircraft.
Source Financial Times
Value GBP 13m (Estimated post-float value)
SourceFinancial Times
ValueGBP 13m (Estimated post-float value) "
The unsourced item said that the transaction will happen on 21 December and is expected to raise over GBP 5m (EUR 7m), valuing the group at GBP 13m. The placing was priced at 30p a share, the report said, noting that it is thought to be twice subscribed.
The Swedish business is 71.4% owned by EIG Venture Capital and develops technology for cleaning power plants and aircraft.
Source Financial Times
Value GBP 13m (Estimated post-float value)
SourceFinancial Times
ValueGBP 13m (Estimated post-float value) "
