SEIT Sdcl Energy Efficiency Income Trust Plc

57.70

0.20 (0.35%)

16 Apr 2024 - Closed

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Sdcl Energy Efficiency Income Trust Plc	LSE:SEIT	London	Ordinary Share	GB00BGHVZM47	ORD GBP0.01

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.20	0.35%	57.70	57.60	58.10	58.50	56.30	58.50	2,715,282	16:35:29

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Trust,ex Ed,religious,charty	-6.6M	-18.6M	-0.0171	-33.86	628.46M

SDCL Energy Efficiency Buys US Solar, Energy-Storage Projects -- Deal Digest

24/12/2020 8:23am

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By Adria Calatayud

ACQUIRER: SDCL Energy Efficiency Income Trust PLC, a U.K.-listed investment company.

SELLER: Funds managed by Blackstone Group Inc.

TARGET: Portfolios of commercial and industrial solar and energy-storage projects in the U.S., together with a 50% interest in Onyx Renewable Partners, the platform that created them.

PRICE: Around $150 million.

STRUCTURE: Blackstone will remain a 50% partner in Onyx, SDCL said.

EXPECTED CLOSE: Completion of the acquisition is expected in the coming weeks.

RATIONALE: The projects acquired are aligned with SDCL's investment strategy, as they will reduce the carbon footprint of commercial and industrial clients, and diversify its portfolio, the company said.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

December 24, 2020 03:08 ET (08:08 GMT)