News Oil & Gas

Scirocco shareholders back sale of EAG interest

Posted on Author editorial Comments(3)

Scirocco Energy plc shareholders have approved the sale of the company’s interest in biogas and renewables specialist Energy Acquisitions Group Ltd (EAG).

At today’s general meeting, the resolution received 95.49% votes in favour with 4.51% against.

Completion of the deal is subject to a waiver by Allied Irish Banks plc, relating to an existing loan facility between EAG and AIB, expected by the end of January.

Scirocco, which sold its interests in Helium One Global and the legacy Ruvuma gas project, had hoped to open a portfolio of interests in sustainable energy and the circular economy sector.

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