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The latest announcement is out from The Parkmead ( (GB:PMG) ).
The Parkmead Group has announced the sale of its subsidiary, Parkmead (E&P) Ltd, to Serica Energy (UK) Ltd, retaining its Dutch natural gas fields and UK wind farm assets. This strategic move, valued at up to £134 million, aims to strengthen Parkmead’s financial position and focus on expanding its Netherlands gas assets and renewable energy projects, aligning with the company’s growth strategy and the UK’s Net Zero Strategy.
More about The Parkmead
The Parkmead Group is an independent energy company focused on growth through gas, oil, and renewable energy projects. The company holds a portfolio of energy assets in the UK and Netherlands, including onshore gas fields and wind farms.
YTD Price Performance: -28.57%
Average Trading Volume: 179,815
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £15.02M
Find detailed analytics on PMG stock on TipRanks’ Stock Analysis page.
