Infrastrata Plc Sign Letter Of Intent For Harland And Wolff Group Plc And Harland And Wolff Heavy Industries Ltd

  • Infrastrata Plc (INFA) has signed letters of intent to purchase the primary assets of Harland and Wolff Group Plc and Harland and Wolff Heavy Industries Limited
  • The total consideration for the purchase is £6 million and will allow the company to bring in-house a large part of the fabrication supplies for its Islandmagee Gas Storage Project and planned FSRU project.
  • The company has acquired the exclusivity over the assets with a £0.5 million cash deposit payment to the Administrator.
  • On 1st October 2019, at the time of writing, GMT 12:10 PM, INFA shares were trading at GBX 0.45, down by 0.02 points or 4.30 per cent against the previous day closing price.