India, Oct. 26 -- Foresight Environmental Infrastructure Limited (FGEN.L), a UK and European environmental infrastructure investor, said Monday it has sold its remaining 49% stake in six anaerobic digestion facilities to Future Biogas for £104 million, a 7.5% premium to their June 2026 valuation.
FGEN intends to use the proceeds mainly to repay borrowings under its revolving credit facility, strengthen its balance sheet and fund existing commitments and future investments in renewable energy and other environmental infrastructure assets.
The sale follows FGEN's disposal of a 51% stake in the portfolio to Future Biogas in August 2024. The latest transaction values the remaining stake 38% higher than at the time of the initial sale, de...