Alkane Energy set to go private

Nottinghamshire power generator is set to pass back into private hands after the company issued a statement saying it was leaving the AIM market.

Alkane is about to be bought by Barbican Bidco, which will take the company off the AIM market.

A statement from Alkane said: “Alkane shareholders are strongly recommended to accept the Offer as the Cancellation will significantly reduce the liquidity and marketability of any Ordinary Shares in respect of which acceptances of the Offer are not submitted and, accordingly, it is likely that the value of any such Ordinary Shares would be significantly affected.”