Greenbottle Re-refining (UK) Limited agreed to acquire Australian operations of Hydrodec Group plc (AIM:HYR) for AUD 2 million on June 20, 2019. The conditions include a licensing agreement and the payment of royalties to Hydrodec for a minimum period of seven years. Transaction is expected to be completed by June 30, 2019. As of July 1, 2019Hydrodec Group board confirms that the terms have been agreed. Ciaran Walsh, Maria Gomez De Olea, and Aimee Kerslake of Arden Partners plc (AIM:ARDN) acted as financial advisor and broker for Hydrodec Group. Greenbottle Re-refining (UK) Limited completed the acquisition of Australian operations of Hydrodec Group plc (AIM:HYR) on August 13, 2019. The proceeds from the sale will be used to satisfy outstanding liabilities of the Australian operating entities.