NONOX IPO IN ARUBA

[BIZ: Hoensbroek, March 19]
Nonox, which manufacturers gas engines in Avantis, will go public on the Aruban stock exchange on March 31 and hopes to pick up EUR 20m. Nonox needs the money to complete two programs of research. If these are satisfactory, vehicles with a Nonox engine will formally be considered road-worthy. The tests required several millions and the IPO in Aruba appears to be more straightforward than that in Amsterdam. The threshold is somewhat lower and there are tax advantages. Thus far, one million shares have been sold.
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