PP Bidco Limited to acquire Harmony Energy Income Trust plc

PP Bidco Limited has agreed to acquire Harmony Energy Income Trust plc in a strategic acquisition valued at 92.4 million GBP. The transaction involves a cash consideration and targets a company operating within the Energy sector in Great Britain. This deal was announced on 13 June 2025, marking a significant consolidation within the industry. The structure involves a direct purchase by the acquiring entity, with no alternative consideration types reported for the shareholders of the target.

The transaction has been cleared by the relevant authorities, indicating that the primary regulatory hurdles have been satisfied. While the specific completion date remains unreported, the cleared status suggests the deal is ready to proceed to finalisation. This acquisition represents a notable event for the Energy sector in the United Kingdom, bringing the target company under new ownership. The parties have successfully navigated the necessary approvals to move forward with the transfer of control. The transaction is subject to regulatory approval.