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Octopus Renewables plans £1.6bn Aquila merger

RICHARD HEAP

December 22, 2023

Octopus Renewables Infrastructure Trust has approached key shareholders in Aquila European Renewables about a merger that would create a firm with £1.6bn of assets.

Aquila confirmed it has received  “unsolicited proposals from ORIT in relation to a possible combination” and that its board would consider the proposal in early 2024. ORIT said there was “compelling logic” for the deal, which would create a firm with a diversified portfolio of European renewable energy assets.

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