Clipper says it is in talks over further investment
CLIPPER WINDPOWER said yesterday it was in talks with potential investors that could lead to a “significant investment” in the company, which is the only listed wind group in the UK.
The talks, with a number of “industrial multinationals and financial investors”, could result in a new partner taking anything from a substantial minority position, investing at or around the current market price, to a full takeover, said the Aim-listed company.
“These competitive discussions are at an advanced stage and it is anticipated that an investment could be announced and completed before the company’s financial year end,” it said.
Clipper chief executive Doug Pertz said the potential partners offer synergies and the “appropriate support to enhance Clipper’s position” as it looks to take advantage of expected growth in the US and offshore wind markets.