Finavera Will Pursue Offers, Names Financial Advisor

NAW Staff, Monday 01 October 2012 - 00:00:00

Vancouver-based developer Finavera Wind Energy says that it has named Capital West Partners as a financial advisor to review offers which could lead to a sale of the company.

Finavera says it is currently in discussions with three potential bidders for the company and its assets, and notes that Capital West is an experienced merger and acquisitions advisor that has experience with renewable energy assets based in British Columbia.

Finavera says a potential transaction would the allow the company to:
According to Finavera, the bidders have completed significant due diligence milestones including a review of the company's data, site visits to a number of project locations and financial returns from the projects.

Finavera says it intends to move quickly to explore proposals and complete the transaction in the near term.



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