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  • Aggreko, a British supplier of power generators hit hard by the Covid crisis cancelling events, announced Friday that it has accepted a £2.3 billion takeover bid from two private equity firms. Aggreko's management has recommended the bid, worth the equivalent of $3.2 billion or 2.7 billion euros, from I Squared Capital and TDR Capital, it said in a statement. "The Aggreko board believes that the offer ... represents an attractive price in cash that fairly recognises Aggreko's future prospects," chairman Ken Hanna added. The Glasgow-based company has been rocked by the widespread cancellation of public events that would have rented its power generators. Aggreko on Monday reported that its pre-tax profits almost halved last year to £103 million. rfj/bcp/rl
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  • UK power firm accepts £2.3bn private-equity takeover
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