NextEnergy Solar Said to Have Rejected Bid From Foresight (1)

NextEnergy Solar Fund rejected a takeover proposal from Foresight Solar Fund last month, backing away from a potential deal that would have created an £800 million ($1.1 billion) London-listed infrastructure fund, according to people with knowledge of the matter.

Talks between the two investment firms were ended by NextEnergy Solar in May, the people said, asking not to be identified discussing private information. Foresight Solar had said in a trading update last month that talks about a “formal proposal” were wound down, without disclosing the target company. NextEnergy Solar also announced in May that its Chairwoman Helen Mahy is resigning. ...