(Reuters) – British renewable-energy company Novera Energy (NOEN.L) said it was considering a sweetened bid by Terra Firma-backed Infinis Energy, valuing the company at 108.6 million pounds ($181.2 million).
Novera said the new 75-pence-a-share offer by Infinis is substantially higher than the original offer of 62.5 pence a share.
The revised offer is at a 14.5 percent premium to Novera’s Tuesday close of 65.5 pence. Novera shares were up 16 percent at 76 pence at 0857 GMT, touching a new 52-week high.
In a separate statement, Infinis said it bought 5.6 million shares of Novera on Tuesday from a single shareholder at 75 pence each.
With this, Infinis has about 46.7 percent stake in Novera, representing 67.6 million shares, it said.
Novera has 46 landfill gas sites, 10 hydro power stations and two operational wind farms – Myndd Clogau in Wales and Lisset in Yorkshire. ($1=.5993 Pound) (Reporting by Shivani Singh in Bangalore; Editing by Vinu Pilakkott)