Munich Re to co-invest in Dublin waste-to-energy project
MR Infrastructure Investment GmbH, a wholly-owned subsidiary of Münchner Rückversicherungs-Gesellschaft Aktiengesellschaft in München (Munich Re), DIF Infrastructure V Cooperatief U.A. (DIF Infrastructure V), a fund controlled by DIF Management Holding B.V. (DIF), Green Investment Group Limited (GIG), ultimately controlled by the Macquarie Group (Macquarie), and Covanta Holding Corporation (Covanta) acquire a joint control of Covanta Europe Assets Limited and its subsidiaries (AssetCo) by way of purchase of shares.
AssetCo ultimately holds the waste to energy business comprising the Dublin Waste-to-Energy facility (DWTE) and is currently jointly owned and controlled by DIF, GIG, and Covanta.
AssetCo and its subsidiaries hold the waste to energy business comprising the DWTE facility located at Poolbeg in Dublin. DWTE is active in the disposal of waste and electricity generation and the sale of electricity in Ireland
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