Following its earlier announcement the board of Atrato Onsite Energy (ROOF) has announced that the sale of the company’s entire portfolio of solar assets to Phoenix UK Bidco Limited, a newly incorporated company which is indirectly owned by a joint venture vehicle of Brookfield and RAIM Apollo, at a Headline Price of £218.7m, completed on 7 November 2024.
As previously indicated, it is the board’s intention to seek shareholder approval for the voluntary liquidation of the company with a view to distributing the company’s net assets to the shareholders as soon as reasonably practicable. A circular convening a general meeting for shareholders to vote on the proposal for a voluntary liquidation will be published in due course.
