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Engineering group Pressure Technologies said the planned sale of its PT Biogas Holdings unit to Creation Capital had been approved by the TSX Venture Exchange.
Completion of the deal would follow a private placement, the company said. Final details and terms of the sale would be announced at completion, which was expected before the end of May.
Pressure Technologies first announced the sale of the unit, which trades as Greenlane Biogas, on 1 April.
At 1:29pm: (LON:PRES) Pressure Technologies PLC share price was +2p at 94.5p