JLEN Environmental Assets Group Limited (LSE:JLEN) (the "Company") noted the announcement this morning by ReFuels N.V. (OB:REFL) (?ReFuels?) regarding discussions it has held with the Foresight Group (?Foresight?) (Foresight Group LLP) relating to the potential acquisition by ReFuels of the remaining part of the CNG station portfolio it does not control (?CNG Portfolio?), and an equity and debt capital raise it is planning to fund the transaction. JLEN holds an interest in the CNG Portfolio (representing approximately 3% of the Company's portfolio) and confirms that Foresight has held discussions with ReFuels regarding the potential acquisition of Foresight's interests in the CNG Portfolio (including JLEN's interest). Any transaction remains subject to the agreement of terms acceptable to Foresight and JLEN and there is no certainty that the Refuels fundraising or the sale of the CNG Portfolio will proceed?.
Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
17.5 NOK | -3.31% | -4.37% | -15.03% |
Apr. 16 | JLEN, Foresight Group Confirm Portfolio Sale Talks With ReFuels | MT |
Apr. 16 | JLEN Environmental notes ReFuels's interest in Foresight's CNG station | AN |
Stocks mentioned in the article
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Change
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5d. change
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Capi.
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90.3 GBX | -0.11% | -4.44% | 750M | ||
17.5 NOK | -3.31% | -4.37% | 97.51M | ||
EPS Revisions
Annual profits - Rate of surprise
1st Jan change | Capi. | |
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-15.03% | 97.51M | |
-36.03% | 359M | |
+47.50% | 173M | |
-0.74% | 81.5M |
- Stock Market
- Equities
- REFL Stock
- News ReFuels N.V.
- ReFuels in Discussion with Foresight Group for Acquisition of Non-Controlling Assets of CNG Portfolio