The energy company Drax Group plc. of London, UK, has signed an agreement with the Canadian pellet producer Pinnacle Renewable Energy Inc. (Pinnacle) of Vancouver, British Columbia, for the acquisition of all Pinnacle shares. As reported by Drax on 8 February 2021, the Pinnacle shareholders are being offered ...
Drax aiming to take over pellet producer Pinnacle for a total of CAD831 million
Effects are expected on industrial-pellet markets in Europa and Asia
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