Ervington Investments Acquires 10% Interest In Waste2Tricity, Provider Of Waste To Energy Solutions

Deal Summary

Ervington Investments Ltd., an investment company owned by Roman Abramovich, acquired 10% interest in Waste2Tricity Ltd, a provider of waste to energy solutions.

Following the transaction, Paul Heagren, a long standing employee of Abramovich will join as a non-executive director of Waste2Tricity.

Peter Jones, chairman of Waste2Tricity, said, “We are delighted to be able to announce the valuable addition of Paul Heagren to the board and the new relationship with Roman Abramovich’s company. We note Ervington’s recent investments in AFC Energy Plc, the low cost alkaline fuel cell company, and Alter NRG, the leading plasma gasification company. Waste2Tricity has a long standing relationship with both of these companies and their technologies.”