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Harmony board drops Drax bid in favour of Foresight offer

By Josh White

Date: Thursday 17 Apr 2025

(Sharecast News) - Harmony Energy Income Trust (HEIT) announced on Thursday that it has agreed to a recommended cash acquisition by PP Bidco, a company indirectly controlled by funds managed by Foresight Group.
The deal valued HEIT at £209.9m, and would be implemented through a court-sanctioned scheme of arrangement under the...

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