Acquisition of Pinnacle Renewable Energy Inc.
Sector: Biomass • Location: British Columbia, Canada
Source: Financial Conduct Authority (FCA)
Drax Group plc proposes to acquire Pinnacle Renewable Energy Inc., a major international producer and supplier of sustainable biomass, for C$11.30 per share valuing the fully diluted equity at C$385 million (£226 million) with an implied enterprise value of C$741 million including C$356 million net debt. The acquisition includes 17 pellet plants, 4.9 million tonnes capacity from 2022, and 2.6GW re
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Participants
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Company | Obfuscated Data |
Status
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Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Drax Group plc proposes to acquire Pinnacle Renewable Energy Inc., a major international producer and supplier of sustainable biomass, for C$11.30 per share valuing the fully diluted equity at C$385 million (£226 million) with an implied enterprise value of C$741 million including C$356 million net debt. The acquisition includes 17 pellet plants, 4.9 million tonnes capacity from 2022, and 2.6GW renewable biomass generation. Completion expected in Q2 or Q3 2021, subject to approvals. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
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Location
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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