logo-loader
viewDirecta Plus PLC

Directa Plus completes €4.1mln acquisition of a 51% stake in Romanian waste management and decontamination services business

The new operation, Setcar will be renamed Directa Environmental Solutions

Directa Plus PLC -
Directa Plus is a specialist at incorporating graphene into textiles, pollution treatments, road surfaces and tyres.

Directa Plus PLC (LON:DCTA) has completed the €4.1mln purchase of a 51% stake in Setcar, the Romanian waste management and decontamination services business.

In a brief statement, the graphene products specialist said the new operation will be renamed Directa Environmental Solutions.

"Setcar has been a business partner for a number of years and we are pleased that it is now part of the Directa Plus group,” said chief executive Giulio Cesareo.

“We are already working with the company to supply environmental services to the oil and gas industry. We look forward to growing the business using our next generation, graphene based Grafysorber adsorbant," he added.

Italy-based Directa Plus floated on AIM in 2016 and is a specialist at incorporating graphene into textiles, pollution treatments, road surfaces and tyres.

The "miracle material" is 200-times stronger than steel, transparent and can conduct heat and electricity.

Quick facts: Directa Plus PLC

Price: 60 GBX

AIM:DCTA
Market: AIM
Market Cap: £36.6 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Directa Plus PLC named herein, including the promotion by the Company of Directa Plus PLC in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Directa Plus puts foot on the gas as commercial traction builds

Directa Plus PLC (LON:DCTA) CEO Giulio Cesareo speaks to Proactive London's Andrew Scott following the release of their 2018 results. The graphene product specialist more than doubled annual revenues as its commercial partnerships began generating orders. Total income in 2018 rose to...

on 17/4/19

2 min read