LONDON: Esken Limited has announced the suspension of its restructuring plan, citing commercial non-viability and legal complexities under Guernsey law. The company, which had been exploring restructuring options, has identified an unacceptable level of risk associated with the court process required to implement the proposed plan. The board, after a thorough review of Esken’s financial…
LONDON, UK: Esken, the aviation and renewable energy group, has agreed to sell its stake in Mersey Bioenergy, a combined heat and power plant in Widnes, to UK Waste Resources and Energy Investments L.P., a member of the Bioenergy Infrastructure Group, for £9 million. The deal, announced on Tuesday, is part of Esken’s ongoing strategy…
LONDON: Esken Limited has signed an agreement for the sale of its entire shareholdings in Stobart Air Unlimited Company (SA) (which operates regional flights under a franchise agreement for Aer Lingus) and Stobart Air (UK) Limited, the owner of Carlisle Lake District Airport (‘CLDA’) to Ettyl Limited. The sale is subject to certain change of…