---
title: "MetalNRG (LON:MNRG) Disposal of stake in EQTEC Italia MDC waste business"
publisher: "Share Talk"
author: "sharetalk"
published: "2024-05-31T08:46:23+00:00"
modified: "2024-05-31T08:46:23+00:00"
date: 2024-05-31
canonical: "https://www.share-talk.com/metalnrg-lonmnrg-disposal-of-stake-in-eqtec-italia-mdc-waste-business/"
category: "Renewable"
categories: ["Renewable"]
tags: ["Australia", "BritNRG", "Castiglione d'Orcia", "Christian Schaffalitzky", "EQTEC", "Gold", "Imwelo", "Italia", "Italy", "Lake Victoria", "MetalNRG plc", "MNRG", "Pierpaolo Rocco", "Rolf Gerritsen", "Seth Dickinson", "Tanzania", "Tanzoz Minerals Ltd", "Tuscany"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/05/MNRG-31-MAY.webp?fit=1200%2C800&quality=80&ssl=1"
format: "news"
language: "en-GB"
---

# MetalNRG (LON:MNRG) Disposal of stake in EQTEC Italia MDC waste business

**Published:** May 31, 2024
**Author:** sharetalk
**Categories:** Renewable
**Tags:** Australia, BritNRG, Castiglione d'Orcia, Christian Schaffalitzky, EQTEC, Gold, Imwelo, Italia, Italy, Lake Victoria, MetalNRG plc, MNRG, Pierpaolo Rocco, Rolf Gerritsen, Seth Dickinson, Tanzania, Tanzoz Minerals Ltd, Tuscany
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/05/MNRG-31-MAY.webp?fit=1200%2C800&quality=80&ssl=1)

---

MetalNRG has sold its 10.97% stake in EQTEC Italia MDC, a waste-to-energy plant operator in Tuscany, to the provider of its unsecured facility agreement.

A strategic review identified the holding in Italia MDC as non-core, prompting MetalNRG to seek an exit from the investment.

The lender will acquire the stake for just over £316,000, the amount currently drawn down on the lending facility, which will then be cancelled.

As of 31 December 2023, Italia MDC had a book value of approximately £605,000.

Rolf Gerritsen, executive director, commented: “As previously indicated, the holding in Italia MDC was considered non-core as MetalNRG focuses on growth and value creation in the mining sector.

“We are pleased to have secured this sale, which also removes a liability from the company’s balance sheet. We continue to pursue several exciting potential reverse takeover targets for the company.”

---

**Original URL:** https://www.share-talk.com/metalnrg-lonmnrg-disposal-of-stake-in-eqtec-italia-mdc-waste-business/
*Created by [WP Markdown Endpoint](https://wpmarkdownendpoint.com/)*