Imera Bids for Wind-Energy Firm

[Irish Examiner] A Euro 127.5 million bid to buy the SWS Group has been placed by Irish-owned Imera Power Limited (IPL), which plans to invest a further Euro 280 million developing SWS’ wind energy business. Imera’s bid could be upped if Bandon-based SWS agree to enter into exclusive sale talks. … Imera is planning a stock market floatation through an initial public offering (IPO) and London AIM listing by the second quarter of 2007. The acquisition of SWS would greatly enhance Imera’s attraction at the IPO stage. … Imera, backed by multi-billion dollar US energy funds, regards the acquisition of SWS as a key development and plans to use SWS’ wind-energy expertise to develop and acquire other Irish and European wind operations.


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