- Simec Atlantis Energy said it was considering an alternative transaction structure for its planned purchase of a portfolio of Scottish hydro schemes.

After assessing the financing options available, the company's board had decided not to proceed with the acquisition as previously envisaged.

'Atlantis confirms that it is in ongoing discussions with SIMEC, a third-party infrastructure fund and project financiers, in relation to an alternative transaction structure,' the company said.

'There can be no guarantee that any transaction in relation to GHR will reach a conclusion.'

At 1:55pm: [LON:SAE] Simec Atlantis Energy Limited Ord Npv Di share price was -0.75p at 18p

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