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  2. Share Prices
  3. Drax Share Price
  4. Drax Share Regulatory News
  5. Possible acquisition

Pin to quick picksDrax Regulatory News (DRX)

Drax Information

Share Price Information for Drax (DRX)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 533.50
Bid: 532.50
Ask: 534.00
Change: 6.00 (1.14%)
Spread: 1.50 (0.282%)
Open: 525.50
High: 541.00
Low: 525.50
Prev. Close: 527.50
DRX Live PriceLast checked at -

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Possible acquisition

24 Sep 2018 07:00

RNS Number : 6277B
Drax Group PLC
24 September 2018
 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

24 September 2018

Drax Group plc

(Symbol: DRX)

(LEI: 549300YPSNTXR4ZHSR98)

Possible acquisition

Further to recent press speculation Drax confirms that it is in discussions with Iberdrola regarding a potential acquisition of a UK portfolio of pumped storage, renewable hydro and gas-fired generation assets.

 

The discussions are preliminary in nature and there can be no certainty of any agreement or the timing or terms of any such agreement.

 

Any potential acquisition would be fully debt funded and subject to shareholder approval.

 

A further announcement will be made as and when appropriate.

 

Enquiries:

Drax Investor Relations: Mark Strafford

+44 (0) 1757 612 491

+44 (0) 7730 763 949

 

Media:

Drax External Communications: Matt Willey

+44 (0) 7711 376 087

 

Website: www.drax.com

 

END

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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