Renewable energy group NTR plc has closed the sale of Greenstar, its US recycling business, to WM Recycle America for a gross consideration of $180 million.
After purchase price reduction for certain costs, third party debt and other deductions, NTR will get an initial net receipt of $129 million (€95 million).
Up to an additional $40 million is payable by 2018, should Greenstar satisfy agreed performance criteria.
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