Aggreko confirms sale talks

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Aggreko is in talks to be acquired by TDR Capital and I Squared Capital.

The firm has confirmed the discussions in response to press speculation and share price movements.

The consortium is in talks about acquiring Aggreko at a price of 880 pence per ordinary share.

Based on Aggreko's closing share price yesterday, the Proposal would represent a 39% premium.

There can be no certainty either that an offer will be made or as to the terms on which any offer might be made.

At 2:50pm: (LON:AGK) Aggreko PLC share price was 0p at 523.5p