LONDON – Shares in London-listed ContourGlobal leapt by a 3rd on Tuesday after U.S. non-public firm KKR agreed to purchase the ability technology firm for 1.75 billion kilos ($2.16 billion) in a bid to broaden its renewable vitality portfolio.
KKR pays 263.6 pence for every share of ContourGlobal, in keeping with the deal introduced on Tuesday. That represents a 36% premium to the corporate’s closing worth on Monday.
Tuesday’s 33% soar in early European buying and selling took the shares to their highest degree since August 2018.
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