London — London-listed Contour Global shares on Tuesday after U.S. private company KKR agreed to buy a power company for £ 1.75 billion ($ 2.16 billion) to expand its renewable energy portfolio. It jumped up to one-third.
KKR will pay 263.6p per share of Contour Global, according to a deal announced on Tuesday. That’s a 36% premium on Monday’s closing price for the company.
The 33% surge in early European trading on Tuesday brought stocks to the highest level since August 2018.
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