Linc Energy To Buy Golden Concord 5% Of The Company
16th Apr 2012Linc Energy (LNC) is an Australian Small Cap energy company that produces ultra-clean diesel and jet fuels.
Linc Energy announced that Hong Kong-based Golden Concord will buy 5% of the company for about $120 million.
The investment equates to about $4.50 a share, a significant premium to Linc’s last close of $1.07.
The deal forms part of a new venture in which Linc holds a 33% interest and Golden Concord the rest.
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Posted in ASX Small Caps, ASX Top 200 XJO, ASX Top 500 All Ordinaries, Energy Shares







