Possible acquisition
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
24 September 2018
Drax Group plc
(Symbol: DRX)
(LEI: 549300YPSNTXR4ZHSR98)
Possible acquisition
Further to recent press speculation Drax confirms that it is in discussions with Iberdrola regarding a potential acquisition of a UK portfolio of pumped storage, renewable hydro and gas-fired generation assets.
The discussions are preliminary in nature and there can be no certainty of any agreement or the timing or terms of any such agreement.
Any potential acquisition would be fully debt funded and subject to shareholder approval.
A further announcement will be made as and when appropriate.
Enquiries:
Drax Investor Relations: Mark Strafford
+44 (0) 1757 612 491
+44 (0) 7730 763 949
Media:
Drax External Communications: Matt Willey
+44 (0) 7711 376 087
Website: www.drax.com
END
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