Aura Deal Falls Through: Zero Carbon Technologies Acquisition Off the Table

Aura, a company positioned to invest in the global renewable energy sector, has terminated its plan to acquire Zero Carbon Technologies. The deal collapse was announced after Aura's board concluded that proceeding with the acquisition would not benefit shareholder interests. Initially, Aura had entered into heads of terms with Zero Carbon Technologies, with intentions to integrate the company's planned battery recycling operations into their portfolio. This acquisition was seen as an initial transaction under UK listing rules, prompting Aura to request the suspension of its shares on the London Stock Exchange. Having decided against the acquisition, Aura notified Zero Carbon Technologies of the termination and has since applied to lift its share suspension, expecting trading to resume soon. Despite the abandoned deal, Aura reported incurring minimal costs on due diligence.