Hello and welcome to our daily digest of business, financial and economic news from around Scotland.
1. The private equity giant KKR has declared that its takeover of a Scottish energy infrastructure group is unconditional.
More than 62 per cent of shareholders in Smart Metering Systems have now accepted the 955p per share offer.
Some shareholders had argued that the offer for Smart Metering Systems was not enough
A group of shareholders, including Steve Timoney, the founder, and Alan Foy, the former chief executive, had suggested the deal undervalued the Glasgow firm.
However, no other bidder has come forward since a transaction was first mooted last year.
Timoney is in line to receive more than £47 million for his share of SMS, with Foy’s holdings worth close to £55 million.
SMS supplies, installs and maintains smart meters