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JLEN Environmental Assets launches £20m buyback after partial asset sale
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investmentweek.co.ukIn a stock exchange notice today (15 August), the listed environmental infrastructure fund said it had signed an agreement for the sale of 51% of a portfolio of six gas-to-grid anaerobic digestion facilities to specialist developer Future Biogas for £68.1m. The proceeds from the partial sale will be used to repay amounts outstanding under its revolving credit facility, while the board has also allocated £20m for buybacks. JLEN Environmental Assets faces discontinuation vote following further NAV dip «The discount to net asset value at which JLEN's shares are currently trading mat...
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