Acqulia scraps merger plans
- Admin
- May 13, 2024
- 1 min read
Acquila has terminated plans for a possible merger after its shareholders turned down the proposals. The board of AERI considered broader options for its future, including a Section 110 scheme of reconstruction. The company received indicative non-binding section 110 offers from Octopus Renewables Infrastructure Trust plc and two other investment companies, which were not supported by shareholders representing over 25% of the total voting rights. Acquila decided to terminate the Section 110 Review and will explore other options including a wind-down of the company or a potential sale.
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