Business News

Ecotricity receives limited support for its bid for Good Energy

Published by
Nicky Godding

Stroud green energy supplier Ecotricity, which in July announced its takeover bid for Chippenham based Good Energy, said that it  had received acceptances representing 1.8 per cent of Good Energy Group PLC shares.

On 22 July 2021, Ecotricity announced the terms of its cash offer of 340 pence per share. The offer document was published on 11 August 2021.

Added to Ecotricity's own 25.1 per cent stake in Good Energy, this means the offer currently has support of around 26.8 per cent of Good Energy's shares.

Ecotricity has held shares in Good Energy since 2016.

https://www.businessinnovationmag.co.uk/good-energy-rejects-ecotricity-bid-again/

 

 

Nicky Godding

Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe. After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts. She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.

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