Enviva Partners (EVA) Announces Transformative Acquisitions, Increases 2020 Guidance
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June 18, 2020 5:32 PM EDT
BETHESDA, Md.--(BUSINESS WIRE)--
Enviva Partners, LP (NYSE: EVA) (Enviva, the Partnership, we, us, or our) today announced that it has agreed to purchase a wood pellet production plant in Waycross, Georgia with associated export terminal capacity in Savannah, Georgia (the Georgia Biomass Acquisition) from innogy SE and also has agreed to purchase the wood pellet production plant in Greenwood, South Carolina owned by our sponsor (the Greenwood Acquisition and, together, the Acquisitions). In connection with the Greenwood Acquisition, our sponsor has agreed to assign to the Partnership five firm, long-term, take-or-pay off-take contracts with creditworthy Japanese counterparties (the... More
June 18, 2020 5:31 PM EDT
BETHESDA, Md.--(BUSINESS WIRE)--
Enviva Partners, LP (NYSE: EVA) (Enviva, the Partnership, we, us, or our) today announced that the sole member of the Partnerships general partner has appointed Jeffrey W. Ubben, Chairman of ValueAct and Co-Portfolio Manager of its Spring Fund, to the general partners board of directors.
The ValueAct Spring Fund focuses its investments on purpose-driven companies that use sustainable business models to solve global environmental and societal problems.
Jeff and the ValueAct Spring Fund have been supportive stakeholders and great partners to me and the Enviva team since their... More
