Canadian Biomass Magazine

News Biofuels
Drax acquisition of Pinnacle to be complete April 13


April 7, 2021
By Canadian Biomass Magazine

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The purchase of Canada’s Pinnacle Renewable Energy Inc. by Britain’s Drax Group is expected to be finalized on April 13, after clearing a final regulatory hurdle.

The final order for the acquisition was granted April 6 by the Supreme Court of British Columbia. Shareholders from both Drax and Pinnacle have approved the transaction.