Spanish firm Ebioss takes over React
Restructuring sees publicly traded Irish biomass outfit renamed as Eqtec
The Spanish energy company Ebioss has taken control of the publicly-traded Irish biomass firm React Energy.
Ebioss boosted its shareholding to 51 per cent by converting a £500,000 (€585,000) loan it had given React into 10,000,000 new ordinary shares.
The takeover and restructuring has also seen React renamed as Eqtec, now effectively becoming the British subsidiary of Ebioss.
As part of the restructuring, Eqtec has also raised nearly £1 million through newly placed ...
