Angola: Steel recycling plant opens
Issue 315
- 14 Jan 2016
| 1 minute read
After a period of doubt over its future following problems in conflict-hit markets, including Libya, and difficulties repaying debt, London Stock Exchange-listed APR Energy’s shareholders have accepted an investor consortium’s offer to acquire the emergency power provider. The group of Toronto-based Fairfax Financial Holdings and US firms Acon Equity Management and Albright Capital Management plan to take Florida-based APR private; the buyers have committed $200m-plus equity to reduce debt and increase working capital.
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