Source - SMW
Aggregated Micro Power Holdings has agreed to acquire Billington Bioenergy Limited (Billingtons) from Drax for £2.0m comprising £1.6m in new ordinary shares and £0.4m in cash.

Chief executive Richard Burrell said: 'We are delighted that Drax has become a long term investor in AMP and we look forward to working with Drax on a range of development projects which should help to expand our assets under management in the distributed energy space.  

'Billingtons has built a strong and well-regarded business in the wood pellet market in England over the last ten years and is an excellent fit with Forest Fuels.'

At 9:15am: (LON:AMPH) Aggregated Micro Power Holdings Plc share price was 0p at 97.5p