4th Dec 2020 14:00
JLEN Environmental Assets Group Ltd - listed environmental infrastructure fund - Acquires a minority stake in a portfolio of five compressed natural gas refuelling stations for heavy goods vehicles in the UK. The investment has been made alongside other Foresight funds and CNG Fuels Ltd, the developer and operator of the stations.
JLEN says it will also contribute to a funding line to fund the construction of more CNG refuelling stations as part of a national network. JLEN's total investment, including the acquisition, is expected to be up to approximately GBP20 million over the next two to five years.
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Year-to-date change: down 5.3%
By Zoe Wickens; [email protected]
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