Transcu

Transcu: is acquiring 74.8% stake in Nanomizer for $41.0m from Forest Pine Group. With the acquisition, the group is set to benefit from the commercialization of the Nano-Emulsion Fuel System and return to profitability over time. It will issue 3,155.8m new shares at $0.013 per share (at prevailing market price) to Forest Pine Group. Nanomizer is valued at no less than US$112.8m by an independent valuer and Transcu's 74.8% stake in the share capital amounts to US$84.4m. Transcu's current market cap is $46m. Transcu is acquiring the business at a 60.1% discount to current valuation.