Finance

Siemens buys 10% stake in UK tidal energy firm MCT MCT's SeaGen in a strong tidal flow

Siemens buys 10% stake in UK tidal energy firm MCT

Global engineering giant Siemens is backing Marine Current Turbines (MCT) in the tidal-energy race by taking a close to 10% stake in the UK technology company. It takes total investment in MCT in the past two months to £8.5m ($13m).

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Published: Thursday, February 25 2010

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