CNIM Group announces the sale of its indirect stake in SELCHP, together with Cube Infrastructure Fund, to the investment fund iCON Infrastructure

CNIM Development, a company jointly owned by CNIM Group and Cube Infrastructure Fund, and the investment fund iCON Infrastructure entered on August 9, 2018 into an agreement pursuant to which iCON Infrastructure will acquire CNIM Development’s entire stake in SELCHP, representing 48.75 % of its share capital.

Completion of the transaction remains subject to the satisfaction of usual conditions precedent.

SELCHP is the owner of a waste-to-energy plant located in London (United Kingdom). SELCHP generated a turnover of GBP 39 M in 2017 for the operation of a 2x29t/h waste-to-energy plant delivered by CNIM in 1994.

With this divestiture, CNIM Group wishes to reallocate its investment capacity to the development of its industrial activities.