December 2015

Atlantis Resources to Acquire Scottish Power’s Tidal Projects

Atlantis Resources has agreed to acquire two projects from ScottishPower Renewables for its Scottish tidal development company, Tidal Power Scotland.
The value of the deal is £6.6 million (US$9.8 million), to be paid by 3,9 million shares in Tidal Power Scotland, which equates to 6% of the issued share capital. Atlantis owns the remaining 94% of TPSL. The deal is expected to close in early 2016.

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