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IN BRIEF: Frontier IP portfolio company Alusid signs distribution deal

ALN

Frontier IP Group PLC - invests for income and growth in solar and battery storage assets - Portfolio company Alusid Ltd signs an exclusive distribution agreement with one of Sweden’s largest tile suppliers Kakelspecialisten AB, a subsidiary of Courbevoie, France-based Compagnie de Saint Gobain SA. ‘The deal is a further sign of growing global interest in Alusid’s sustainable wall and floor tiles and an important milestone in expanding its European distribution network,’ Frontier says. Frontier IP holds a 35% stake in Alusid.

Current share price: 18.50 pence, down 2.6% in London on Tuesday

12-month change: down 36%

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