first stage of inevitable takeover of vir

UBS has acquired a 5.3% shareholding in Viridis. UBS is advising PEP on the acquisition of Energy Developments. Why would UBS want to own 5% in an illiquid under $40m micro cap unless there was a corporate angle?

There are huge corporate and operational synergies between ENE and VIR. I expect Australian head office, US and UK offices would be closed immediately and operations combined. There is history between ENE and VIR management.

A matter of time before there is a takeover offer for VIR in my opinion. Price is the issue - the longer the share price stays depressed, the more likely someone will acquire VIR at a bargain price.

Lets hope VIR gets a decent price for the UK wind asset and puts to bed the thought of a capital raising.

Just my opinion
Monty