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Contour Global


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I just bought some of these.

https://www.hl.co.uk/shares/shares-search-results/c/contourglobal-plc-ord-1p

https://www.dividendmax.com/united-kingdom/london-stock-exchange/electricity/contourglobal-plc/dividends

The company generates circa 59% of its power from traditional sources of fuel such as natural gas and coal and circa 41% from renewable sources such as wind, solar and water.[4] It owns and operates 69 power generation plants across 19 countries.[4]

 

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  • 2 weeks later...
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I should probably have bought more :D

 

https://www.investorschronicle.co.uk/news/2022/05/17/kkr-launches-cash-buyout-of-contourglobal/

KKR launches cash buyout of ContourGlobal
Energy generator's major shareholder accepts £1.75bn offer from Kohlberg Kravis Roberts & Co

... The deal looks very likely to be completed given the backing of major shareholder Reservoir Capital, which holds just over 70 per cent of ContourGlobal. "The board of ContourGlobal believes that the offer provides an opportunity for all shareholders to crystallise their investment in ContourGlobal at an attractive price," said chair Craig Huff. 

The offer is not final but Reservoir Capital has made an irrevocable undertaking to support the deal. KKR needs 75 per cent shareholder support in total, and has 72.8 per cent already.

ContourGlobal had been trading between 190p and 210p after swiftly recovering from the March - April 2020 Covid-19 general selloff. The offer document said the company had been "significantly" undervalued by the public market given that share price level is below its IPO price of around 250p in 2017...

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