Friday 17 June 2016

Ecotricity buys 6.8% stake in Good Energy

Ecotricity buys 6.8% stake in Good Energy

Green energy supplier Ecotricity bought shares in one of its rival firms in March this year.

It acquired 6.82% of Good Energy's shares.

The transaction made it the second largest shareholder in Good Energy.

In a statement, Good Energy said: “Good Energy Group is rated as a 'buy' by the four analysts that follow Good Energy - Cantor Fitzgerald, Investec, Alpha Deal Group and Arden - so it doesn’t surprise us that investors are buying shares.  Ecotricity has had a shareholding in Good Energy on previous occasions.”

Earlier this month, Good Energy announced it will offer more shares to the public as part of its efforts to grow.

Written by

Bruna Pinhoni

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