Update on Senegal Joint Venture Payment
Eco Buildings Group PLC anticipates receiving a €1.75 million deposit from G2 Invest in mid-February 2026, a significant step for its Senegal joint venture. The company is also securing additional residential construction projects in Senegal, which will influence the final production line configuration for the joint venture, aiming to align capital deployment with contracted demand for efficient growth.
Select text to share a quote on X · sign in to keep highlights & notes in your ECOB notes
Eco Buildings Group plc (the "Company" or the "Group"), a UK-listed modular construction company, is pleased to provide an update regarding its strategic joint venture in Senegal with G2 Invest Group.
The Company now expects to receive the initial €1.75 million deposit from G2 Invest in mid-February 2026, representing a key milestone in advancing the Senegal joint venture.
In addition, the Company is actively securing additional residential construction projects on the ground in Senegal. The scale and volume of these confirmed housing commitments will directly inform the final configuration and number of production lines to be deployed under the joint venture. The Company believes this disciplined approach ensures capital deployment remains closely aligned with contracted demand, optimising operational efficiency and supporting scalable growth. Further updates will be provided as appropriate.
| Eco Buildings Group plc Etrur Albani, Executive Vice Chairman Fiona Hadfield, Finance Director | Tel: +44 (0)20 7380 0999 |
| Spark Advisory Partners Limited (Nominated Adviser) Matt Davis / James Keeshan | Tel: +44 (0)20 3368 3550 |
| Tavira Financial Limited (Joint Broker) Oliver Stansfield/Jonathan Evans | Tel: +44 (0)20 3192 1739 |
| CMC Markets UK Plc (Joint Broker) Douglas Crippen | Tel: +44 (0)20 71708200 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.