(News Bulletin 247) – Antin Infrastructure Partners announced on Monday the launch of a takeover bid for Opdenergy, a Spanish renewable energy producer, with the intention of delisting it.
The investment fund, specializing in infrastructure, says it plans to offer 5.85 euros per share, a premium of 46% on Friday’s closing price.
Antin explains that the acquisition will enable it to expand its strategic portfolio of equity investments in the renewable energy sector in Europe and North America.
In a press release, the group stresses that the operation also reflects its desire to become a ‘champion’ of the energy transition.
Listed on the stock exchange last year, Opdenergy, which develops, builds and operates renewable energy projects, is mainly present on the Spanish, American, Chilean, Italian and Mexican markets.
The offer should be followed by a delisting procedure.
At the start of the morning, Opdenergy shares climbed 43% on the Madrid Stock Exchange while Generali gleaned 0.3% in Paris.
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