|
Eqtec PLC - thermochemical conversion technology and engineering company - Enters into a €2.9 million loan facility to refinance its Italy market development centre in Tuscany. The facility has a term of 48 months and an annual interest rate of 2.5% over the six-month euro interbank offered rate. This currently stands at 6.5%. so the current rate for Eqtec is 9.0%. The money will be used to make a series of performance improvements at the plant. Improvements are expected to be completed early in the final quarter of 2023. Current stock price: 0.18 pence, up 7.7% in London on Monday morning 12-month change: down 60% Copyright 2023 Alliance News Ltd. All Rights Reserved.
|
