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Electrawinds SE Sells Electrawinds Solar NV and Zon aan Zee NV to Inframan NV; Co-founds Joint Venture AD Biodiesel SAS


Monday, 14 Oct 2013 03:18am EDT 

Electrawinds SE announced that has sold the wholly-owned subsidiaries Electrawinds Solar NV and Zon aan Zee NV to Inframan NV (the infrastructure joint venture between Gimv and Belfius and manager of the unlisted DG Infra funds) for an enterprise value of EUR 19.1m, including earn-outs. Furthermore, the Company has co-founded the Joint Venture AD Biodiesel SAS for the sourcing, production and marketing of 2nd generation biodiesel based on waste products (animal fats and used cooking oils). Electrawinds owns 20%, alongside key industry players Sofiproteol/Diester (60%), Akiolis (10%, part of Tessenderlo group) and Mindest (10%). 

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27 May 2015