StockMarketWire.com - Ceres Power Holdings said it had formed a strategic collaboration with Weichai Power, comprising product development and a potential £17.0m equity investment by the Chinese company.

The deal would give Ceres initial access to China, the world's fastest-growing market for fuel cells.

IP Group, which holds a 25.4% stake in Ceres Power, welcomed the proposal.

At 1:58pm: [LON:IPO] IP Group PLC share price was -1.2p at 140.2p



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