Energy News Today

Schroders PLC confirms stake acquisition talks with Greencoat Capital LLP

Schroders PLC (LSE:SDR) confirmed it is in advanced talks with Greencoat Capital about taking “a significant stake” in the business, following media speculation.

However, the asset manager also stated there is no certainty talks will lead to any final agreement.

“Schroders continues to evaluate potential acquisition opportunities in line with its strategy to build a comprehensive private assets platform and enhance its leadership position in sustainability,” a statement said.

Greencoat Capital is a European renewables infrastructure manager which also manages Greencoat Renewables PLC (LSE:GRP) and Greencoat UK Wind PLC (LSE:UKW).

Meanwhile, the boards of both Greencoat UK Wind and Greencoat Renewables put out statements emphasising that any potential transaction would relate specifically to Greencoat Capital LLP, not Greencoat UK Wind.

Both boards added, “should any transaction proceed, it would not impact Greencoat Capital’s role as investment manager” to the UKW or GRP investment trusts.

Read More: Schroders PLC confirms stake acquisition talks with Greencoat Capital LLP

2021-12-16 02:29:00

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy
%d bloggers like this: