MNTK - Montauk Renewables explores options including sale - Bloomberg

Montauk Renewables ( NASDAQ: MNTK ) +10.1% in Wednesday's trading following a Bloomberg report that the company is exploring options including a potential sale , although no final decision has been made.

Montauk ( MNTK ), which produces energy from methane collected at landfills, maintains a portfolio of ~15 operating projects producing natural gas and electricity in California, Idaho, Ohio, Oklahoma, Pennsylvania, North Carolina and Texas.

The company's biggest shareholder is South African businessman John Copelyn with a ~40% stake, according to Bloomberg data.

Montauk's ( MNTK ) potential move comes as major oil companies are on the hunt for alternative energy companies; earlier this year, Chevron agreed to buy green diesel producer Renewable Energy Group for $3.1B .

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