AFC Energy gets injection of cash from Abramovich

AFC Energy, the industrial fuel cell company, has announced an equity investment into AFC by Ervington Investments, the ultimate beneficial owner of which is Russian business tycoon Roman Abramovich.

AFC Energy, the industrial fuel cell company, has announced an equity investment into AFC by Ervington Investments, the ultimate beneficial owner of which is Russian business tycoon Roman Abramovich.

Ervington has subscribed for 32.6m new ordinary shares at 26.6p each, raising £8.27m net of costs. The shares will represent 15% of the enlarged issued share capital of AFC.

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