Octopus Renewables trust makes bid for Aquila European Renewables

Multiple attempts over 2023

James Baxter-Derrington
clock • 2 min read

Octopus Renewables investment trust (ORIT) has made several attempts to engage with Aquila European Renewables (AERI) over 2023, in a bid to merge the two vehicles.

According to a regulatory filing this morning (22 December), the £506m market cap ORIT has "sought on several occasions" during 2023 to engage the board of £274m market cap AERI with a view to a combination of the trusts. The ORIT board cited a variety of factors, including the "complementary portfolios", "greater technological diversification" and "substantial portfolio of operating assets", as cause to merge the vehicles into one of the largest London-listed renewable energy trusts. ThomasLloyd Energy Impact selects Octopus Energy Generation as transitional manager Both trusts ar...

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