In October 2020, it announced an agreement to sell its full 50 per cent holding in United Kingdom energy-from-waste assets Multifuel Energy Limited and Multifuel Energy 2 Limited, to First Sentier Investor for £995 million.
Both Multifuel Energy Limited and Multifuel Energy 2 Limited are based in West Yorkshire, England, and comprise of multiple facilities that convert residual residential, commercial, and industrial waste into renewable baseload energy.
We conducted work on the opportunity early, completing significant due diligence on the assets prior to the formal sale process, maintaining competitive dialogue with the vendor through the COVID-19 lockdown.
in the United Kingdom energy-for-waste sector to best support FSI on the transaction
and arrangement of deal-contingent FX hedging
across Ferrybridge sites and Skelton Grange once commissioned
at both Ferrybridge Multifuel 1 and 2