Esken Limited Sale of investment in Mersey Bioenergy (2718I)
04 August 2023 - 2:03AM
UK Regulatory
TIDMESKN
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
GBP9m (the "Disposal"), Esken, the aviation and renewable energy
group, announces that the Disposal has been completed today.
The consideration of GBP9m 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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DISUORNROAUWRAR
(END) Dow Jones Newswires
August 03, 2023 12:03 ET (16:03 GMT)
Esken (LSE:ESKN)
Historical Stock Chart
From Apr 2024 to May 2024
Esken (LSE:ESKN)
Historical Stock Chart
From May 2023 to May 2024