Spinks acquires biomass firm

Richard Spinks, who formerly ran a farming co-operative called Landkom, is understood to have acquired a biomass business for nearly £4m for his new vehicle, Active Energy Group, which is listed on Alternative Investment Market (Aim). An announcement is expected as early as today. Spinks was the founder and chief executive officer at Landkom, which was one of the first Aim-listed companies that was based in Ukraine.