In a very significant development for Accsys, the company has announced it has reached financial closure to build a Tricoya plant in Hull. This represents an aggregate investment of €68.2m into a facility that should start to generate revenue during FY2020E. The funding is relatively complex: Accsys has raised €14m (gross) new equity for working capital purposes plus €18.9m of loans at the PLC level to enable an overall 74.6% participation in Tricoya Technologies (TTL). Separat
29 Mar 2017
Tricoya consortium structure completed


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Tricoya consortium structure completed
Accsys Technologies PLC (AXS:LON) | 154 -3.5 (-1.4%) | Mkt Cap: 260.8m
- Published:
29 Mar 2017 -
Author:
Raymond Greaves -
Pages:
8 -
In a very significant development for Accsys, the company has announced it has reached financial closure to build a Tricoya plant in Hull. This represents an aggregate investment of €68.2m into a facility that should start to generate revenue during FY2020E. The funding is relatively complex: Accsys has raised €14m (gross) new equity for working capital purposes plus €18.9m of loans at the PLC level to enable an overall 74.6% participation in Tricoya Technologies (TTL). Separat