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3i flirts with Novera 90p offer

Published Monday, 25th February 2008

turbineYou know that feeling you get when you can see two people flirting but shying around actually taking the plunge – where you sigh and you think “Just get on with it!”? Well, Greenbang has been getting that feeling recently.

3i Infrastructure has announced, after some feverish whirling from the rumour mill, that it has approached the board of directors of Novera – a renewable energy firm – about a possible 90 pence a share offer.

Novera generates energy from renewable sources of power: wind, waste and water, and landfill gas.

So what’s the skinny on the 3i deal? There’s no guarantee that an offer will be made, and there’ll be a further announcement if and when appropriate, says 3i. Watch this space.

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