Announced
Financials
Tags
Minority
United States
energy from waste
energy generation
Friendly
Private Equity
Single Bidder
Private
Acquisition
Renewable Energy Equipment
Cross Border
Pending
Synopsis
iCON Infrastructure, a private equity firm, agreed to acquire a 49% stake in Green Recovery Projects, an operator of 5 energy recovery plants, from Fomento de Construcciones y Contratas, a construction company, for £198m. The incorporation of ICON into GRP will strengthen FCC's leading position in the waste recovery activity in the United Kingdom and the development of new treatment plants, essential to meet the challenge of the ecological transition and the promotion of the circular economy.
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