Merger talks between Octopus Renewables Infrastructure Trust (ORIT), the clean energy investment fund of Octopus Energy Group, and smaller peer Aquila European Renewables (AERI) have been called off after AERI rebuffed an indicative offer.
Following the announcement on 22 December 2023 of an approach from Octopus Renewables Infrastructure Trust (ORIT – click here to see our coverage of this) and then subsequently that its board was looking at possible combinations with other investment trusts, Aquila European Renewables (AERI) has said that, following consultation with its shareholders, it has received