Econergy International(ECG)

Sector:

General Financial

Index:

FTSE AIM All-Share

Market Cap

£40.02m

Change Today

0.000p

Share Price

46.00p

SESA makes Econergy bid

Date: Friday 13 Jun 2008

LONDON (ShareCast) - Suez Energy South America Participações (SESA) has made a £39.2m all cash offer for renewable energy producer Econergy International.

The offer is at 45p per share, which is 50% more than the 30p per share alternative offered by rival bidder Trading Emissions and 43.1% higher than the share offer.

SESA said it is also making available to Econergy loan facilities of over $50m.

“We consider Econergy to be a perfect fit and complementary to our international energy portfolio,” said Jan Flachet, officer of SESA and CEO of Suez Energy Latin America.

"Econergy has and is developing a series of interesting renewable assets, such as wind and small hydro, in markets where Suez Energy already has a presence or aspires to take positions," added Flachet.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ECG Market Data

Currency UK Pounds
Share Price 46.00p  
Closing Price Change 0.000p
52 Week High 85.00p
52 Week Low 23.50p
Volume 0
Shares Issued 87.00m
Market Cap £40.02m
RiskGrade 196

Performance Indicators

Compare performance with the sector and the market.
Find out more
Key: vs Market vs Sector
Value
33.14% above the market average33.14% above the market average33.14% above the market average33.14% above the market average33.14% above the market average
29.87% above the sector average29.87% above the sector average29.87% above the sector average29.87% above the sector average29.87% above the sector average
Price Trend
0.97% below the market average0.97% below the market average0.97% below the market average0.97% below the market average0.97% below the market average
5.14% above the sector average5.14% above the sector average5.14% above the sector average5.14% above the sector average5.14% above the sector average
Income Not Available
Growth
52.19% above the market average52.19% above the market average52.19% above the market average52.19% above the market average52.19% above the market average
47.31% above the sector average47.31% above the sector average47.31% above the sector average47.31% above the sector average47.31% above the sector average
Price Chg 6m
89.16% above the market average89.16% above the market average89.16% above the market average89.16% above the market average89.16% above the market average
89.72% above the sector average89.72% above the sector average89.72% above the sector average89.72% above the sector average89.72% above the sector average
P/E Not Available
PEG Not Available
Dividend Yield Not Available
EPS Growth Not Available
Operating Margin
36.91% below the market average36.91% below the market average36.91% below the market average36.91% below the market average36.91% below the market average
27.8% below the sector average27.8% below the sector average27.8% below the sector average27.8% below the sector average27.8% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ECG Dividends

No dividends found

Trades for --2008

Time Volume / Share Price
0 @ 0.000p

ECG Key Personnel

Chair Neil David Eckert
CEO Thomas Hamilton Stoner Jr
CFO Lee David Atkins
COO Frederick Paul Renner

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