EDF prepares buyout offer for FUTUREN
FUTUREN's Board of Directors have held a meeting in the perspective of a proposed takeover bid to be filed soon, at a price of EUR1.15 (US$1.25) per FUTUREN share, by the EDF Renewable Group currently holding 251,504,489 shares representing 90.50% of the capital and 90.36% of the voting rights of the company, directly and by assimilation. Given this holding, a squeeze-out at the same price will be implemented after the public offer.
In accordance with the applicable regulations, FUTUREN will give its reasoned opinion on the offer after examining the report of an independent expert.
Country updates
-
-
September 27, 2019
Sonnedix inaugurates 5 MW St Etienne solar park in France
Sonnedix has inaugurated its 5 MW solar PV plant in St Etienne-des-Sorts, southern France. METKA EG will take care of the EPC works for the project. Construction on the solar plant began in late 201...
Read more -
September 25, 2019
EDF commissions 27 MW Les Taillades wind project in France
EDF Renewables has commissioned Les Taillades, a wind farm with 27 MW installed capacity located in the Lozère department. The new facility is aligned with the EDF Group’s Cap 2030 strate...
Read more -
September 23, 2019
A2A sets to acquire wind assets from Renvico
Renvico Holding is in talks with Italian utility A2A SpA for the sale of its wind farms. The company was created in 2015 when a vehicle owned by Macquarie European Infrastructure Fund...
Read more -
September 23, 2019
Navantia, Windar to manufacture 62 jackets for 496 MW Saint-Brieuc wind farm off the French coast
Ailes Marines SAS, the partnership between Iberdrola SA, Renewable Energy Systems (RES) and Caisse des Depots, has selected Navantia-Windar joint venture as a preferred supplier for the construction o...
Read more -
September 20, 2019
PLC acquires the 51% stake of the Schmack Biogas in France
A binding offer for the acquisition of 51% of the Schmack Biogas was accepted. The transaction is fully in line with the growth plan of the PLC, which aims to become a reference in the internati...
Read more
