Sims Signs A$272.1-Million Deal to Sell 50% LMS Energy Stake

By Rhiannon Hoyle

Metal recycler Sims on Wednesday said it has agreed to sell its 50% interest in bioenergy and methane-abatement company LMS Energy to funds advised by Pacific Equity Partners, in a deal that values the stake at 272.1 million Australian dollars (US$175.6 million).

The company said the definitive agreement to sell the interest…

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