MARINE & Mercantile Securities (M&M), an exploration company which has a share quotation on the London Alternative Investment Market (AIM), has agreed to acquire 50 per cent of EUROGAS, a company with gas reserves in the Czech Republic. It is being purchased from Energie Kladno, a privatised Czech enterprise involved in the construction of coal mine facilities and other engineering and construction businesses.

M&M has no listing in Dublin following the closure of the occasional share dealing facilities last year. M&M is anxious to have a listing on the Irish market, its managing director, Mr John Small, said.