Accsys Technologies plc : Accsys takes control of Tricoya project, financial impact to be determined
>Taking control of Tricoya UK - Accsys has announced that it will buy out all of its partners in the Tricoya UK entities in exchange for 11.9m new Accsys shares worth €9.7m with Medite and Ineos continuing their supply and offtake agreements. As part of this restructuring, NatWest has decided to write down €9m of the drawn down €15m loan facility under a new 7 year term. In addition, Accsys has decided to stop the current construction activity for at least 6 months to...Accsys Technologies is a holding company. Through its subsidiaries, Co. is a chemical technology group focused on the development and commercialization of a range of transformational technologies based upon the acetylation of solid wood and wood elements (wood chips, fibres and particles) for use as construction materials. Co.'s business consists of the following: commercial scale Accoya® wood production and sales facility in Arnhem; building and operating of Tricoya® wood chip acetylation plant in Hull; Accoya and Tricoya technology licensing and business development; and technology and product development.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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