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Bids, Mergers and Takeovers

JLEN acquires Vulcan Renewables

29 August 2017 09:56

John Laing Environmental Assets Group has acquired Vulcan Renewables Ltd for a total consideration, including working capital, of £15.3 million.

It said the acquisition, in partnership with experienced operator Future Biogas Ltd, was the company's first investment in the anaerobic digestion sector, further diversifying the company's portfolio of environmental infrastructure projects including, wind, solar, waste and wastewater.

Vulcan Renewables has been acquired from Venture Capital Trusts managed by Downing LLP having provided the original funding into the business in 2012.

At 9:56am: (LON:JLEN) John Laing Environmental Assets Group share price was -0.5p at 107.5p

Story provided by StockMarketWire.com

Related Company: JLEN

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