Fylde giant snaps up yet another energy company
KIrkham-based energy procurement consultant Inspired Energy is back on the acquisition trail with a £19.5m deal for another energy firm.
It has swooped to buy Cheshire firm Inprova Finance Ltd which provides energy procurement and advice services to customers.
The deal is financed by for £19.5 m in cash on a debt free cash free basis.
The company is also raising up to £19m by way of a conditional placing of 115,151,516 new ordinary shares at 16.5 pence each to help pay for the deal.
Inspired said the deal would begin to enhance the group’s earnings in 2019 and as in line with its strategy... read more
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