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Augean sells East Kent incinerator facility for £3.35m

Fri, 25th Jan 2019 15:18

(Sharecast News) - AIM-listed waste management business Augean has sold its loss-making East Kent high temperature incinerator to existing customer Wastecare Limited for £3.35m in cash.Wastecare will fork out £1m immediately, with the remaining £2.35m due within three months.The company announced back in December that it was planning to mothball the incinerator and looking for a buyer. Augean said at the time that it had invested almost £1m a year on the facility, which has consistently under-performed the returns required by the group. The profit on sale will be £2.5m and the sale will avoid the planned costs of closure estimated at around £0.6m. The profit on sale will be treated as an exceptional item.At 1540 GMT, the shares were up 4.3% to 72.49p.
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28 Jul 2023 17:26

Franchise Brands hires new finance chief after reporting revenue soars

(Alliance News) - Franchise Brands PLC on Thursday said it will appoint Mark Fryer to the board as chief financial officer, effective from Wednesday next week, after it reported rising revenue in the first half of 2023.

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18 Oct 2021 18:22

IN BRIEF: Augean's takeover by Eleia sanctioned by court

IN BRIEF: Augean's takeover by Eleia sanctioned by court

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5 Oct 2021 16:06

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

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29 Sep 2021 09:23

UPDATE 2-Morrisons takeover battle will go to UK auction on Oct. 2

(Adds background)LONDON, Sept 29 (Reuters) - A $9.5-billion fight for British supermarket Morrisons will be decided at an auction on Saturday, when two U.S. private equity groups will go head-to-head in up to five rounds of bids.Britain's Takeover...

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23 Sep 2021 10:02

TOP NEWS: Ancala and Fiera win auction for waste removal firm Augean

TOP NEWS: Ancala and Fiera win auction for waste removal firm Augean

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23 Sep 2021 08:31

Eleia seals Augean takeover with £390m bid

(Sharecast News) - Augean is to be taken private in a £390m deal following a bidding war for the Aim-listed waste services firm.

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23 Sep 2021 08:17

LONDON BRIEFING: Ancala and Fiera win Augean battle for GBP390 million

LONDON BRIEFING: Ancala and Fiera win Augean battle for GBP390 million

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22 Sep 2021 13:39

IN BRIEF: Rival bidders for Augean enter compensation agreements

IN BRIEF: Rival bidders for Augean enter compensation agreements

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16 Sep 2021 17:58

IN BRIEF: UK Takeover Panel to settle Augean bidding war by auction

IN BRIEF: UK Takeover Panel to settle Augean bidding war by auction

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9 Sep 2021 18:16

TRADING UPDATES: Cohort gets contract extension; IQGeo wins new deal

TRADING UPDATES: Cohort gets contract extension; IQGeo wins new deal

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8 Sep 2021 19:39

Augean agrees to increased takeover offer from Antwerp Management

Augean agrees to increased takeover offer from Antwerp Management

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8 Sep 2021 12:08

EARNINGS UPDATES: Somero, Winkworth see bumper interim performances

EARNINGS UPDATES: Somero, Winkworth see bumper interim performances

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25 Aug 2021 17:01

LONDON MARKET CLOSE: FTSE 250 outperforms amid hesitant market mood

LONDON MARKET CLOSE: FTSE 250 outperforms amid hesitant market mood

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25 Aug 2021 11:21

UPDATE: Eleia's Augean bid has support from nearly 55% of investors

UPDATE: Eleia's Augean bid has support from nearly 55% of investors

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25 Aug 2021 09:45

New GBP341 million Augean bid tops Morgan Stanley Infrastructure tilt

New GBP341 million Augean bid tops Morgan Stanley Infrastructure tilt

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