Simpsons Solicitors

The Environmental Group Limited acquires Baltec IES Pty Ltd

November 28th 2013
ASX listed environmental engineering company, The Environmental Group Limited acquired Baltec IES Pty Ltd following shareholder approval obtained at its Annual General Meeting held today.  Simpsons Solicitors advised The Environmental Group Limited on the legal aspects of the acquisition including shareholder approvals required under the ASX Listing Rules and the takeover provisions of the Corporations Act.  
 
The merged entity has a market capitalisation of approximately $10 million.