The overall purpose of the assessment was to identify, evaluate and report upon material environmental issues associated with the Target asset.
Furthermore, the assessment was required to identify environmental liabilities related to soil and groundwater contamination, and consider at site level the environmental regulatory compliance status, based upon existing & reasonably foreseeable regulations.
The scope of the assignment encompassed a review of the data and documentation provided, as well as one day site visit.
An assessment report was prepared including a summary of the status of the Site in regards to permits and EHS management, a summary of material findings and other notable (but minor) findings, and a summary of Soil & Groundwater risk.
For each topic where findings have been identified, the report included a description of issues identified and the implication of these for the Transaction. Where possible, an estimate of potential expenditure required to address each finding was provided. Post-acquisition recommendations were also provided for each finding where applicable.
The limitations associated with the assessment were briefly outlined as well.