Green power group Ener-G mulls flotation

FAST-growing green power provider Ener-G is mulling a stock market listing in order to fund further expansion, it emerged at the weekend.

Ener-G, which is based in Manchester, is around 12 to 18 months away from a possible flotation, managing director Derek Duffill told a Sunday newspaper.

If it goes ahead, the float is likely to raise up to £200m.

The firm has appointed investment bank NM Rothschild to advise it on the possible flotation.
Ener-G is targeting sales of £165m and profits of £15m next year.