News and Announcements
Monadelphous Takes Shareholding in AnaeCo
- Published July 02, 2012 5:20PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
AnaeCo welcomes Monadelphous Group Limited (ASX:MND) as a shareholder with Monadelphous taking a 10% stake in the Company.
AnaeCo and Monadelphous are working together under a joint venture (JV) arrangement to build the Western Metropolitan Regional Council (WMRC) DiCOM Expansion Project. AnaeCo will issue 44,000,000 shares to Monadelphous at an issue price of $0.048 per share as payment for approximately $2 million of its costs associated with the JV.
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