UK - 3i and Terra Firma walk away from Novera

nicola
03 June 2008

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3i and Terra Firma, who had been considering making a bid for Novera Energy, the landfill gas and wind farm company, have withdrawn their interest in a possible takeover.

The withdrawal of the private equity houses, who hold a 10% and 28% stake respectively in the business, is subject to conditions that give the firms the right to come back if circumstances change significantly.

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