StockMarketWire.com - Specialist engineering group Pressure Technologies said it had entered into a binding letter of intent to sell its PT Biogas unit to Canada's Creation Capital for £11.1m.
PT Biogas is the holding company for Pressure Technologies' alternative energy division which trades under the name Greenlane Biogas.
The sale comes as the company considers refocusing on core specialist manufacturing activities in the defence and oil and gas markets.
Story provided by StockMarketWire.com
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