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Origo shares rocket as it sells Niutech Energy stake

By Caoimhe Toman

Date: Thursday 17 Jan 2019

Origo shares rocket as it sells Niutech Energy stake

(Sharecast News) - Origo Partners announced on Thursday it has sold its remaining Niutech Energy stake for $2.1m.
The company received 90% of the sale price, with the remaining 10% due on fulfillment of certain conditions. The sale price was at a discount of 20% to book value, the firm added.

As a result of the news, Origo shares were up 22% at 0.20p each.

Although the company did not disclose the size of the stake it sold on Thursday in April 2018 it announced it held a 3.7% after an early divestment.

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