Ecoark climbs on deal to sell Banner unit

Riskon International

24/08/2022 16:33

** Shares of investment company Ecoark Holdings Inc  ZEST.O 
up 6.7% at $2.10
    ** ZEST to divest Banner Midstream Corp, an oil and gas
unit, to Enviro Technologies US Inc  EVTN.PK  via a reverse
merger 
    ** Enviro, a product manufacturer for industries including
aerospace and automotive, will issue about 13 mln shares to
Ecoark in exchange for Banner 
    ** Enviro says Banner recorded $18.75 mln in revenue for the
year ended on March 31, 2022
    ** ZEST declines 6.7% so far this year
    

 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))