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Bluefield Solar Income Fund Ltd on Wednesday announced the start of a coordinated strategic review and formal sale process. The London-based fund, which invests in solar energy assets, said that following ‘extensive engagement’ with its shareholders, it decided to initiate a formal sale process in the public domain. The company had previously considered a transition to a ‘more integrated and growth-oriented business model’, but it said a ‘majority of shareholders expressed a clear preference for alternative value-maximising options, such as the potential sale of the company or its assets.’ Bluefield Solar attributed its position to the structural challenges facing listed renewable investment companies. The company said its ‘shares have traded at a persistent discount to net asset value for over three years, limiting its access to equity markets and constraining growth.’ ‘Earnings have been directed toward dividends rather than reinvestment, leaving the company unable to fully benefit from its platform, proprietary pipeline and growth potential,’ Bluefield Solar added. The company said its board and advisers concluded that a formal sales process was the best method to ‘attract interest from a diverse range of potential acquirers’. Bluefield Solar said that it had noted prospective bidders ‘tended to favour integrated platforms’. As a result, the company’s investment adviser and manager Bluefield Partners would facilitate the sale of its businesses to make the transaction attractive to the ‘widest possible pool’ of potential acquirers. Bluefield Solar said it remains open to all options and ‘will continue to evaluate the optimal path forward in the best interests of shareholders’. Shares in Bluefield Solar rose 4.8% to 75.63 pence a share on Wednesday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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