EDF EN buys FUTUREN

Pursuant to the agreement of May, 10th with FUTUREN’s (FTRN) majority shareholders, EDF Energies Nouvelles acquired a 67.2% stake in the company on June, 9th.

The acquisition was completed following the positive outcome to the applicable employee consultation procedures and clearance from the German competition authority (Bundeskartellamt). EDF Energies Nouvelles has acquired 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) from the controlling group of shareholders. Formally acknowledging the change in control of the company, FUTUREN’s Board of Directors duly noted at its meeting on June 9th, the resignation from their duties as directors of... ... More: Official Press Release EDF EN

Keywords:

EDF EN, FUTUREN, aquisition