Foresight announces the acquisition of a 16.8 MW Energy-from-Waste plant in Southern Italy

Foresight Group Holdings Limited, the listed infrastructure and private equity investment manager, is pleased to announce the acquisition of a 90% equity shareholding in Energie Tecnologie Ambiente S.r.l. (“ETA”). 

Foresight Energy Infrastructure Partners SCSp (“FEIP”) and JLEN Environmental Assets Group Limited (“JLEN”), an environmental infrastructure investment fund managed by Foresight, have each acquired a 45% shareholding in ETA. The seller, Marcegaglia Investments S.r.l., has retained a 10% equity stake. Completion of the investment is subject to a number of conditions precedent, which are expected to be satisfied by the end of May 2021, with the funds investing a combined €53.5m.

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