Linc Energy To Buy Golden Concord 5% Of The Company


Linc Energy To Buy Golden Concord 5% Of The Company

Linc Energy To Buy Golden Concord 5% Of The Company

Linc 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.

Click to Receive FREE Daily Trading Recommendations!