TEMPORARY power firm APR Energy [LON:APR] has accepted a �165m takeover offer from a consortium of private equity firms. The deal brings to a close APR's tumultuous listed life, which has been a disastrous experience for many retail investors.
APR Energy (OTCPK:APRYF) agrees to be acquired by a consortium that includes its largest shareholder, Fairfax Financial Holdings (OTCPK:FRFHF), in a deal valuing the power plant supplier at ~�165M ($253M).
Today, APR Energy PLC (OTCMKTS:APRYF) announced that it will be acquired for 165 million pounds ($253 million) by a group of investors, which include the company's biggest shareholder, Fairfax Financial Holdings.
The question of energy sources continues to be a major one across the globe. While fossil fuels remain a key part of the mix in both the developed and developing world, the use of greener and cleaner fuels is on the rise.