Red Light for Hands Bid From Green Energy Firm Novera [Edition 2]

Evening Standard - London › October 07, 2009

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Summary

GUY HANDS' latest tilt at becoming the king of the windmills ran into turbulence today after an offer to take over one of Britain's leading green energy firms was dismissed as a bid being made on the cheap.

Infinis Energy, owned by Hands' privateequity empire Terra Firma and responsible for producing more than 10% of Britain's renewable energy, today made a Pounds 90 million cash offer for AIM-listed Novera Energy.

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Red Light for Hands Bid From Green Energy Firm Novera [Edition 2]

Infinis's offer values Novera's shares at 621/2p. This time last ye...

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