UPDATE 2-Power producer APR to be taken private in $253 mln deal

Mon Oct 26, 2015 8:30am EDT
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* Bidding consortium comprises Fairfax, ACON, Albright

* Shares trading at offer price of 175 pence

* Shares have risen 88 pct since talks disclosed

* Bidders to inject $200 mln of additional funding (Adds details, background, updates share price)

By Esha Vaish

Oct 26 (Reuters) - Power plant supplier APR Energy Plc has agreed to a 165 million-pound ($253 million) takeover by a consortium including its biggest shareholder, after a year dogged by the loss of projects in conflict zones.

The buyers, a group comprising Fairfax Financial Holdings Ltd, ACON Equity Management LLC and Albright Capital Management LLC, will pay 175 pence a share in cash to take APR private, the company said on Monday.

APR's shares were trading at the offer price as of 1200 GMT, down about 2 percent.

They have risen about 88 percent since Oct. 2, the last trading day before APR said it was in talks with the consortium.   Continued...