Kistos Holdings Plc (AIM:KIST) entered into a Sale and Purchase Agreement to acquire EDF Energy (Gas Storage) Limited from EDF Energy (Thermal Generation) Limited for £25 million on February 20, 2024. Under the terms, Kistos will acquire 100% of the share capital of EDF Energy. The Transaction is conditional on Kistos making a voluntary notification of the proposed acquisition under the National Security and Investment Act 2021.

Panmure Gordon & Co Limited acted as financial advisor and joint broker to Kistos. Simon Folley, Ed Lukins and Jonathan Rosen acted as legal advisor to Kistos Holdings.