Latest News

ADM Energy extends agreement with Trafigura

0

ADM Energy PLC (LON:ADME) has extended its agreement with Trafigura, over a US$120mln financing, for a further 12 months.

Through an indicative memorandum of understanding (MOU) the companies intend to create a strategic alliance to develop energy projects in Africa.

ADM is seeking opportunities in the African energy sector to present to Trafigura.

READ: ADM Energy tipped as a ‘buy’

“We are pleased to extend our agreement with Trafigura, which demonstrates the strength of our relationship and their belief in our growth strategy,” said Osamede Okhomina, ADM chief executive in a statement.

“This relationship with a multi-billion dollar industry partner gives ADM access to capital to secure and develop projects that will increase our exposure to value-accretive, high-quality assets. We are in regular discussions with Trafigura and are pursuing a number of attractive opportunities in the West African region that we believe will be prosperous for the partnership.” 

Dr Martens says IPO was eight times oversubscribed

Previous article

Next Fifteen raises guidance again, its third hike in the current financial year

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News