Business
Re AE&E Inova AG & the Belved
Re AE&E Inova AG & the Belved.
About this update from Costain Group Plc
[{"type":"text","content":"\n RNS Number : 3386Y Costain Group PLC 21 December 2010 \n \n\nCostain Group PLC \n(\"Costain\" or \"the Group\")\n \n \nRe AE&E Inova AG & the Belvedere facility\n \nFurther to the announcements, issued on 29 November, 2 December and 13 December 2010, advising on the position regarding AE&E Inova AG ('AE&E Inova'), with whom Costain has a sub-contract for a major part of the works at the Belvedere energy-from-waste facility, Costain is providing the following update.\n \nIn a letter, dated 20 December, to their customers, suppliers and partners, AE&E Inova has confirmed that they have completed and legally approved the Stock Purchase Agreement for AE&E Inova AG, and that their new owner is Hitachi Zosen Corporation. \n \nCostain is also pleased to confirm that the £2.6 million sub-contract stage payment due to Costain on Friday 10 December has been received. \n \nWe welcome these positive developments and look forward to maintaining our constructive relationships with AE&E Inova and Cory Environmental, for whom the Belvedere facility is a development project.\n \n \n21 December 2010\n \nEnquiries:\n \n\n\n\n\nCostain Group PLC\n \n\n\n\n\n\n\n\nAndrew Wyllie, Chief Executive\n\n\nTel: 01628 842 444\n\n\n\n\nTony Bickerstaff, Finance Director\n\n\n\n\n\n\n\nGraham Read, Communications Director\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCollege Hill\n \n\n\nTel: 020 7457 2020\n\n\n\n\nMark Garraway\n\n\n\n\n\n\n\nAdam Aljewicz\n\n\n\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCPGGCWPUPUUQG \n ","length":4624,"tagName":"div"}]