Drax Group Pauses Buyback as £561M Bluefield Solar Deal Boosts UK Renewables

UK's Drax to buy Bluefield Solar in $755 million renewables deal

Drax Group Pauses Buyback as £561M Bluefield Solar Deal Boosts UK Renewables

Drax Group (LON:DRX) Chief Executive Will Gardiner said the company’s recommended all-cash offer to acquire Bluefield Solar Income Fund would significantly expand Drax’s U.K. renewables business and broaden its generation portfolio, while prompting a pause in its current share buyback program pendin

'This could be biggest acquisition our business has made': Drax secures agreement to buy BSIF

Energy company Drax is poised to secure a major acquisition which will grow its UK renewable generation business.

Drax seals biggest acquisition with £548m deal for renewables firm

The board of Bluefield Solar Income Fund has recommended shareholders accept the takeover offer

Drax agrees £548m takeover of Bluefield Solar Income Fund

Drax has agreed to acquire Bluefield Solar Income Fund (BSIF) in a cash deal valuing the renewable infrastructure investor at approximately £548 million. The offer values BSIF shares at 92.

Drax agrees $755m all-cash acquisition of BSIF

Drax Group has agreed terms to acquire Bluefield Solar Income Fund (BSIF) in an all-cash deal worth around £561m.