Viridis Clean Energy Sales Process Update
Viridis Clean Energy (VIR) (“VCE”) provides the following update on the sale process. VCE has received proposals from various parties regarding the possible purchase of VCE or some or all of its assets. The various proposals are confidential, non-binding and incomplete and subject to further due diligence review and other conditions. The responsible entity and its financial adviser, Macquarie Capital Advisers, have provided the interested parties with access to a document data room and are currently conducting visits with the parties and their respective advisers to selected VCE project sites. Over the past several weeks the interested parties have been reviewing the detailed technical, commercial and financial data for VCE’s 43 landfill gas projects included in the data room, with the expectation of submitting binding proposals on completion of their data and site reviews.
It is expected that this process may take up to a further 4-6 weeks, possibly longer. Further updates will be provided as the process progresses. Edward Northam Managing Director Viridis Clean Energy Group www.viridisenergy.com 61 3 9677 8008 Background Viridis Clean Energy is an ASX listed energy infrastructure fund that has been established by Viridis Energy Capital Pty Limited as a special purpose investment vehicle focused exclusively on direct, longterm investment in a global portfolio of clean energy projects. Viridis invests in projects employing proven renewable, waste and other clean energy fuels and technologies in selected geographical markets, with a primary focus on Europe, North America and Australia. The Fund’s current investment portfolio includes ownership interests in 43 projects located in the USA and UK with a total capacity of 106 MW. Viridis Energy Capital Pty Limited is the investment manager for Viridis Clean Energy (ARSN 115 340 639). Viridis Investment Management Limited (ABN 51 099 788 431) is the responsible entity of Viridis Clean Energy..