Aquila European Renewables to consider merger proposals following 'interest'

Due diligence process started

Aquila European Renewables (AERI) has officially begun to review its options for a potential merger, as the company instructed its advisers to commence a “process of mutual due diligence with multiple interested parties”.

In an RNS notice published today (26 February), AERI's board said it had considered the "broader options for the future" of the company and was looking into the potential combination of the trust with another listed investment company. Octopus Renewables trust makes bid for Aquila European Renewables The board has asked its broker Deutsche Numis to examine the current proposals. AERI has received several merger proposals in recent months, with Octopus Renewables investment trust (ORIT) making numerous attempts last year. The board reassured shareholders that any plans were still...