Wednesday November 25, 2020

Cork biomass firm gears up for €17 million reverse takeover

Eqtec, formerly React, will buy the much larger Spanish energy firm Eqtec Iberia

Barry J Whyte

Chief Feature Writer

10th December, 2017

Irish biomass energy firm Eqtec – formerly React – will ask its shareholders to vote on a £15.6 million (€17.7 million) ‘transformational’ reverse takeover by Spanish firm Eqtec Iberia.

Eqtec Iberia is owned by the Spanish energy giant Ebioss, and the deal will see them reverse several of Eqtec Iberia’s major European assets into the Irish-headquartered company.

As part of the takeover, there will also be a major reshuffle of the...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 6 months ago

What’s coming up today and what you might have missed

Hannah O’Brien | 11 months ago