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Olympic Games Power Provider Aggreko in Talks on $3 Billion Sale

Students walk past an advertisement for the now-postponed Tokyo 2020 Olympic Games in front of Ariake Gymnastics Centre, the venue for gymnastics events at the Olympics, in Tokyo.Photographer: Toru Hanai/Bloomberg

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By Dinesh Nair, Aaron Kirchfeld, and David Hellier

February 5, 2021 at 2:36 PM UTC

Updated on

February 5, 2021 at 3:10 PM UTC

This article is for subscribers only.

Aggreko Plc, one of the world’s biggest suppliers of portable power generators, is in talks about a potential private-equity takeover valuing the company at about 2.25 billion pounds ($3.1 billion).

A consortium of TDR Capital and I Squared Capital is in discussions with London-listed Aggreko about a possible cash bid of 880 pence per share, Aggreko said in a statement Friday, which followed reports on the interest from Bloomberg News and Sky News. The price represents a 39% premium to Aggreko’s last closing price.