Tuesday, August 19, 2014

New suspicions MAB: Ebioss plummets 25% – Five Days

New suspicions MAB: Ebioss plummets 25% – Five Days

lead titles Ebioss falls in the Spanish market with derrume almost 25% to 1.64 euros, and spread to the entire MAB, a market already punished by the ‘case Gowex’. Thus, alongside Ebioss, highlighted declines, although smaller, values ​​of MAB as Carbures, losing 5.58%, or Neuron, which was down 4.88%.

In a significant event referred to the Alternative Stock Market (MAB), Ebioss stresses that the billing data for the last three years of TNL amounted to 25.1 million euros (13 million in 2011, 9.6 million in 2012 and 2.5 million in 2013) already reported at the time of the operation.

According to ‘The Confidential’, the company would have inflated numbers TNL to note that average turnover amounted to eight million euros in the last three years, in this period when really its revenue fell 80%.

In its statement, the company says it monitors “permanently” for analyzing the market with technological potential corporate opportunities or assets very important to be an opportunity to generate future value for its shareholders, as it has in the case of TNL or Sorgenia Bioenergy above.

In addition, confirms the foundations and expectations which entered capital TNL, stressing that gives you access to a technology that complements yours as well as a commercial position that gives presence in markets where they did not, like Portugal or Brazil, expanding further its business in other countries like UAE Arab states, among others. It also highlights the interest of the operation “by the attractive terms in which it was negotiated, generating value for shareholders from the outset.”

In this regard, he said that after a ‘due diligence ‘coordinated by Baker & amp; Tilly, the seventh international audit listed companies, won 52.6% of TNL 1.6 million euros, of which 1.555 million was spent on capital which aims to stabilize and strengthen accounts of the company, when the nominal value of all shares of the company is 7.55 million.

On the other hand, emphasizes that, with respect to data on TNL, the computation of more than 5,000 containers of waste is correctly installed on 2,477 teams. Last June, Ebioss Energy reached an agreement to acquire a 51% stake in Portuguese TNL, a leading manufacturer of containers municipal solid waste (MSW) and smart collection system.

Based in Oporto (Portugal), TNL is present on three continents and operates, among other countries, in Portugal, Spain, Canada, Brazil, South Africa and the United Arab Emirates.

So, said Ebioss Portuguese firm that had installed to date more than 5,000 waste collection units in 150 cities around the world, most recently in the Spanish city of Bilbao, and average turnover in the last three years was around eight million.

Ebioss, headquartered in Bulgaria, is a company mainly Spanish capital which has several business areas and that is based in Barcelona.

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