Companies in the timber industry / Daily News / Global Trends / Wood pellets / Wood Products / Europe / Global
May 15, 2018
Enviva sold partner interests in its units as to revive wood pellet projects
Enviva Holdings LP discharged certain limited partner interests in its unit Enviva Partners so as to finance projects, as the US wood pellets supplier announced on the 10th of March. Through two of its subsidiaries, Enviva Holdings has sold 1,265,453 common units representing limited partner interests in Enviva Partners to accounts managed by ValueAct Spring Fund, HITE Hedge Asset Management LLC and Kayne Anderson Capital Advisors LP for an undisclosed amount. Proceeds from the sale will be used to support the construction of its Hamlet wood pellet production plant in North Carolina’s Richmond ...
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