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SRI GROUP SELLS ITS STAKE IN HEPT AND ALL ITS ACTIVITIES IN CHINA

By 25 November 2021No Comments

SRI Group has sold all its activities in the Chinese territory and its significant stake in Hept China, an EPC contractor established as a Joint Venture, promoted by SRI Group (which had become also a shareholder of the newco) between Gruppo Hera and the Chinese conglomerate Hi Firm, leader in the Environmental Technology industry. The Joint Venture business objective is to develop and construct a pipeline of more than 20 industrial hazardous waste to energy incineration facilities in China. SRI Group has sold its stake to Hi Firm at a very satisfyng equity value which confirmed an excellent ROI on the investment.