Drax to acquire Pinnacle Renewable Energy for C$385M

British energy company Drax agreed to acquire Pinnacle Renewable Energy at C$11.30 per share, valuing Pinnacle at C$385 million, creating a leading sustainable biomass supply and power generation business.

“I am excited about this deal which positions Drax as the world's leading sustainable biomass generation and supply business.”canadianmanufacturing.com

• 1 source
• canadianmanufacturing.comDrax To Acquire Pinnacle Renewable Energy - Canadian ManufacturingSadi MuktadirFeb 8, 2021

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