Stock Market News – ASX: AEB Stock Update

Algae.Tec Limited (ASX: AEB) an advanced biofuels company with a high-yield enclosed algae growth and harvesting system (the McConchie-Stroud System) has been accepted to list on the Frankfurt Stock Exchange (FWB), now the largest investor base in the world following a merger announcement with the New York Stock Exchange (NYSE).

Algae.Tec Executive Chairman Roger Stroud said dual listing on the FWB, a global centre for sustainable energy investment and now part of the largest investor base in the world, gives the company access to the most significant sustainable energy financial market.

Germany has successfully positioned itself as the cleantech leader in the European Union. Sixteen percent of Germany’s energy needs are already met by renewable sources, with a target of 30 percent for the year 2020.

“Algae.Tec has a globally focused growth path so it is important to be part of the world’s biggest investment facility covering the EU and USA,” said Stroud.

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