20 Mar '12, 5am

Update: CPV Startup Energy Innovations’ Assets Acquired in One Lot: Heritage Global Partners, an auction house...

Heritage Global Partners , an auction house, just sent notice to potential bidders: Please be advised the Seller of the Energy Innovations Auction has accepted a bulk sale offer for the entire inventory. As a result, we will not be having an online Auction tomorrow, March 20. Last month Energy Innovations CEO, Joe Budano told Greentech Media that the CPV firm would be acquired by a strategic investor in the next few weeks and that some form of debtor protection might have to be taken prior to the envisioned sale. Putting the non-core assets of the firm up for auction seems a rather drastic way of changing ownership -- but sale of the entire inventory in a single bulk lot would intimate that the buyer might be considering a restart of the firm. Mr. Budano has not yet responded to our inquiry. Here's the relevant text from last month's article : *** Last month, sources close...

Full article: http://www.greentechmedia.com/articles/read/CPV-Startup-E...

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