2024-03-29
http://w3.windfair.net/wind-energy/news/25104-edf-futuren-majority-stake-france

EDF Energies Nouvelles acquires majority stake in FUTUREN

Image: EDF Energies NouvellesImage: EDF Energies Nouvelles
The two French Companies are joining forces

Official Press Release EDF Energies Nouvelles:

EDF Energies Nouvelles enters into a full agreement to acquire a majority stake in FUTUREN

EDF Energies Nouvelles has reached a full and final agreement with the controlling shareholders of FUTUREN (FTRN) to buy a 67.2% stake in the company.

The terms discussed at the beginning of the exclusive negotiations have been confirmed in this agreement. The deal remains subject to the approval of the Bundeskartellamt, the German competition authority. Subject to this clearance and following the acquisition from the controlling shareholders of 61.6% of FUTUREN’s ordinary shares (at a unit price of €1.15) and 96.0% of its convertible bonds (at an ex coupon price of €9.37), EDF Energies Nouvelles will submit to the Financial Markets Authority (AMF), a simplified public tender offer for all FUTUREN’s shares and convertible bonds that it does not... ... More: Official Press Release EDF Energies Nouvelles

Keywords:
EDF, FUTUREN, majority stake, France







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