eEnergy has accomplished the sale of its Power Administration Division to Flogas Britain Restricted for £29.3 million, with further contingent funds of £8-10 million relying on the division’s buying and selling efficiency by September 2025.
The preliminary £25 million of the consideration has been obtained, with the remaining £4.3 million used to clear money owed owed by the Group to the Power Administration Division.
The corporate intends to reinvest the proceeds into its power providers division and settle all exterior debt amenities totalling £8.1 million.
Following the completion of the sale, eEnergy has introduced a restructuring of its board to align with the corporate’s streamlined focus.
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