Brief: Altri Unit Reaches Deal With Equitix To Buy TGPH For 246.5 Mln Pounds

Altri, SGPS

08/06/2021 06:17

June 8 (Reuters) - Altri  ALSS.LS :
    * SAID ON MONDAY ITS WHOLLY-OWNED UNIT GREENVOLT – ENERGIAS
RENOVAVEIS SA HAD REACHED AN AGREEMENT, TOGETHER WITH FUNDS
MANAGED BY THE EQUITIX GROUP, FOR THE ACQUISITION OF TILBURY
GREEN POWER HOLDINGS LIMITED (TGPH)
    * THE TRANSACTION AMOUNTS TO AN ENTERPRISE VALUE OF 246.5
MILLION
POUNDS
    * OWNERSHIP WILL BE SPLIT IN A PROPORTION OF 51% TO
GREENVOLT AND
49% TO THE FUNDS MANAGED BY EQUITIX
    * TILBURY GREEN POWER HOLDINGS LIMITED IS THE OWNER OF A
RENEWABLE
ENERGY BIOMASS POWER PLANT, WITH NET DESIGN CAPACITY OF 43.6 MW,
LOCATED IN THE PORT OF TILBURY, THE UNITED KINGDOM

    
    
 Source text: https://bit.ly/2TTigkt
    
 Further company coverage:  ALSS.LS  
   


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