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UK's Aggreko in talks for 2.25 billion pound buyout proposal

· 02/05/2021 09:58
UK's Aggreko in talks for 2.25 billion pound buyout proposal

- Aggreko AGGK.L said on Friday it was in talks over a 2.25 billion pound ($3.09 billion) buyout proposal for the British equipment rental company from a consortium of TDR Capital LLP and I Squared Capital.

The company, which has a contract to supply power equipment for Tokyo 2020 Olympic and Paralympic Games, said TDR and I Squared had made a series of proposals and it was now in talks with them over a possible cash offer of 880 pence per share.


($1 = 0.7289 pounds)


(Reporting by Yadarisa Shabong in Bengaluru;
Editing by Vinay Dwivedi)

((Yadarisa.Shabong@thomsonreuters.com; Twitter: https://twitter.com/Yadarisa; +919742735150;))