JLEN Environmental notes ReFuels's interest in Foresight's CNG station

(Alliance News) - JLEN Environmental Assets Group Ltd on Tuesday noted that Refuels NV is ...

Alliance News 16 April, 2024 | 1:37PM
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(Alliance News) - JLEN Environmental Assets Group Ltd on Tuesday noted that Refuels NV is interested in Foresight Group Holdings Ltd's compressed natural gas station portfolio.

JLEN Environmental, a Guernsey-based environmental infrastructure investment fund said that Refuels NV announced it held discussions with Foresight Group, a London-based infrastructure and private equity investment manager, about a potential acquisition.

ReFuels, which is an Amsterdam-based energy supplier, could buy the part of the compressed natural gas station portfolio that it does not yet own. ReFuels has a stake in the portfolio to build refuelling stations.

JLEN Environmental has an interest in the CNG portfolio, which represents about 3% if JLEN's portfolio.

JLEN shares were flat at 87.67 pence each on Tuesday afternoon in London, while Foresight shares fell 3.5% to 453.47 pence each.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
JLEN Environmental Assets Group Ord 93.30 GBX -0.32 -
Foresight Group Holdings Ltd Ordinary Share 441.00 GBX 0.23 -

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