Octopus Renewables investment trust (ORIT) has made several attempts to engage with Aquila European Renewables (AERI) over 2023, in a bid to merge the two vehicles.
According to a regulatory filing this morning (22 December), the £506m market cap ORIT has "sought on several occasions" during 2023 to engage the board of £274m market cap AERI with a view to a combination of the trusts. The ORIT board cited a variety of factors, including the "complementary portfolios", "greater technological diversification" and "substantial portfolio of operating assets", as cause to merge the vehicles into one of the largest London-listed renewable energy trusts. ThomasLloyd Energy Impact selects Octopus Energy Generation as transitional manager Both trusts ar...
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
