Former loss-making company sells for €35m

A former British Gas technician who led a workers’ buyout of a loss-making arm of the firm is celebrating after selling the company for £21.7m (€35m).

Former loss-making company sells for €35m

A former British Gas technician who led a workers’ buyout of a loss-making arm of the firm is celebrating after selling the company for £21.7m (€35m).

Jack Fallow, chairman of GasForce, said it vindicated the confidence of hundreds of workers who paid £1.4m (€2.25m) for shares six years ago.

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