Insider Media Limited
Summary
Swiss Life Asset Managers has acquired the portfolio of district heating and cooling networks in consortium with Schroders Greencoat.
In September, Newcastle-headquartered Equans UK revealed that it had signed an agreement to sell the businesses, often known as Equans Urban Energy, which include East London Energy Limited and Equans DE Holding Company Limited.
Humber Energy is excluded from the scope pending completion of its sale in 2024.
The transaction has been finalised after obtaining necessary approvals from the European Commission and the Cabinet Office.The portfolio, which is fully operational, consists of 12 district heating and cooling networks, servicing residential, commercial, public and retail customers.