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Green power group Ener-G mulls flotation
FAST-growing green power provider Ener-G is mulling a stock market listing in order to fund further expansion, it emerged at the weekend.
Ener-G, which is based in Manchester, is around 12 to 18 months away from a possible flotation, managing director Derek Duffill told a Sunday newspaper.
If it goes ahead, the float is likely to raise up to £200m.
The firm has appointed investment bank NM Rothschild to advise it on the possible flotation.
Ener-G is targeting sales of £165m and profits of £15m next year.