Atrato Onsite Energy (ROOF) has agreed to sell its entire portfolio to a consortium led by Brookfield and London-based Real Assets Investment Management (RAIM) for a headline price of £218.7m.
In a stock exchange notice today (3 October), the board said the trust will enter into a voluntary liquidation once the sale is completed, with cash to shareholders set to be distributed "as soon as reasonably practicable". As the disposal falls outside the trust's current investment objective and policy, shareholder approval for an amendment will be sought at a general meeting on 22 October. Once this condition is met, the deal is expected to complete in early to mid-November. The liquidators will be in a position to make an initial distribution of "substantially all of the net as...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
