Mergers and Acquistions News
Categories: Media & Information Services
February 11th 2011, 17:10PM
Support services firm Carillion has made a £306.5 million cash offer for energy efficiency solutions firm Eaga.
Carillion's chairman Philip Rogerson told Interactive Investor that the acquisition will help the firm push its business towards the low-carbon economy.
"Carillion has identified a low carbon market as a strategic area of growth and the acquisition of Eaga will create a scalable platform to build the UK's largest independent energy services provider," he added.
Eaga chairman Charles Berry added that the move will offer partners the prospect of "growth potential".
The company's board has advised that the shareholders approve the offer, which values the company at 120p a share.
Eaga announced its financial results two weeks ago, posting a £5 million loss for the half year.
However, the company remained optimistic about the second half of the year, saying that work linked to the Carbon Emissions Reduction Target has been boosted by the scheme's extension.
Related News
Categories
- BPO (32)
- Hardware (118)
- IT Services & Consulting (227)
- Media & Information Services (167)
- Semi-Conductors (77)
- Software (230)
- Telecoms (331)
Archive
- May 2012 (0)
- April 2012 (0)
- March 2012 (0)
- February 2012 (0)
- January 2012 (1)
- December 2011 (20)
- November 2011 (20)
- October 2011 (20)
- September 2011 (20)
- August 2011 (20)
- July 2011 (20)
- June 2011 (21)