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The latest announcement is out from Zenova Group Plc ( (GB:ZED) ).
Zenova Group PLC has entered into a non-binding agreement to acquire Restoreo International Limited, marking a significant shift in its business scale and nature. The acquisition, which constitutes a reverse takeover, aims to combine Zenova’s fire safety and insulation technologies with Restoreo’s distribution expertise, creating a global platform for growth. The transaction is expected to enhance energy efficiency offerings and is contingent on regulatory approvals and shareholder agreement. Trading of Zenova’s shares on AIM has been suspended pending further developments.
More about Zenova Group Plc
Zenova Group PLC specializes in the development and supply of advanced fire safety and temperature management technologies for industrial, commercial, and residential sectors. Its product portfolio includes fire protection paint, thermal insulation paint, thermal insulation render, fire extinguishers, aerosol fire extinguishers, automatic ceiling sprinklers, and wildfire barriers, all engineered to meet high safety and efficiency standards.
Average Trading Volume: 2,674,471
Technical Sentiment Signal: Sell
Current Market Cap: £798.7K
For detailed information about ZED stock, go to TipRanks’ Stock Analysis page.