EnergyWatch

Asset manager on energy company bid: "egregiously low"

The bid on the world's fourth-largest producer of wind energy is "egregiously low" says UK capital fund Ecofin.

British equity fund Ecofin is far from impressed with the acquisition offer from EDP. In fact, the fund has gone so far as to call it an "egregiously low," offer reports Reuters.

The bid from the Portuguese company EDP has been issued for its subsidiary EDP Renovaveis, which works with renewable energy. EDP hopes to acquire 22.47 percent of the company and aims to delist the company, reports Reuters.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

US to bank more on nuclear power

Several US states are regarding nuclear power as a supplement to renewables when it comes to lowering emissions, but there is still opposition from a number of Democratic states.

Further reading

Related articles

Latest News

See all jobs