Proposed Acquisition of Pinnacle Renewable Energy Inc. – a major international supplier of sustainable biomass
Drax Group plc announced on Feb. 8 it has signed an agreement to acquire Canada-based pellet producer Pinnacle Renewable Energy Inc. The acquisition will more than double Drax’s pellet production capacity. Under the agreement, Drax Canadian Holdings Inc., an indirect, wholly owned subsidiary of Drax, will acquire Pinnacle at a price of C$11.30 per share, […]