U.S. private-equity firm KKR has agreed to buy London-listed power generation company ContourGlobal for 1.75 billion pounds ($2.16 billion) in an effort to expand its presence in renewable energy.
Under the deal announced on Tuesday, KKR will pay 263.6 pence for each share of ContourGlobal. That represents a 36% premium to the company’s closing price on Monday.
ContourGlobal, which operates 138 thermal and renewable power plants across Europe, Latin America, North America and Africa, will recommend that its shareholders accept the offer, KKR said.
Read more: Reuters
