REG - Esken Limited - Sale of investment in Mersey Bioenergy

EskenAnnouncement

03/08/2023 17:15

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RNS Number : 2718I  Esken Limited  03 August 2023

03 August 2023

ESKEN LIMITED

("Esken", the "Group" or the "Company")

 

Completion of sale of investment in Mersey Bioenergy

 

Further to the announcement on 20 June 2023 of the conditional sale by Esken
Green Energy Limited of its investment in Mersey Bioenergy Holdings Limited
and its wholly owned subsidiary (together "Mersey Bioenergy") to UK Waste
Resources and Energy Investments L.P., a member of the Evero group (formerly
known as Bioenergy Infrastructure Group) for a total cash consideration of
£9m (the "Disposal"), Esken, the aviation and renewable energy group,
announces that the Disposal has been completed today.

 

The consideration of £9m was paid in cash on completion, and the cash will be
used for repayment of debt and working capital purposes.

 

This Disposal does not impact the Mersey Bioenergy Fuel Supply Agreement with
Esken Renewables Limited, which expires July 2035.

 

 

Enquiries:

Esken Limited    C/o Tulchan Communications

Charlie Geller, Group Communications Director

Tulchan Communications

Olivia Peters / Lisa Jarrett-Kerr

020 7353 4200

esken@tulchangroup.com

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