Morgan Stanley’s Atlantis Plans London Share Sale for Tidal Farm
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Atlantis Resources Corp., a Morgan Stanley-backed maker of tidal turbines, appointed a former Bank of England and Royal Mail Plc director as it plans an initial share sale on London’s Alternative Investment Market.
Atlantis named John Neill non-executive chairman of its board to help grow the company as it plans to raise about 20 million pounds ($32.7 million) on AIM, Tim Cornelius, chief executive officer of Singapore-based Atlantis, said today. It expects to complete the share sale as early as this month.