The Courier & Advertiser (Angus and Dundee)

Gas firm deal is sweetened


The board of Scottish smart metering firm Energy Assets Group (EAG) has recommende­d an improved takeover offer to shareholde­rs.

A deal with Euston BidCo had been recommende­d in April, but a number of investors had declared an intention to vote against the scheme.

Euston, which is indirectly owned by investment funds controlled and managed by Alinda, has now returned with an improved offer, valuing the business at £209 million.

The move has helped it secure support for the acquisitio­n from a number of major investors.

EAG shares rose 51p to 719p.

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