Foresight Group LLP has agreed to buy Harmony Energy Income Trust (HEIT), a UK utility-scale energy storage and renewable energy generation company, for 拢190.8m (鈧227m).

The real assets fund manager is proposing to offer HEIT shareholders 84p cash for each share they hold, a 29% premium over HEIT鈥檚 previous closing price on the London Stock Exchange.

HEIT said it views Foresight鈥檚 offer proposal as 鈥渄elivers a superior outcome for shareholders鈥 and would consider recommending it to HEIT shareholders if a formal offer is made.

UK investment trust HEIT invests in battery energy storage systems. Its portfolio features eight fully operational projects in Great Britain, with a combined capacity of 790.8MWh.  

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