Albioma: the title climbs after the KKR offer


(CercleFinance.com) – Albioma shares climbed 15% this morning on the Paris Stock Exchange after the takeover proposal presented by the American fund KKR, which values ​​the renewable energy producer at 50 euros per share.

Albioma’s board of directors has indicated that it unanimously welcomes this friendly tender offer, which shows a premium of 51.6% compared to the closing price on March 7. that is to say before the appearance of market rumors.

The premium over the volume-weighted average share price over the last three months stands at 46.6%.

In a press release, KKR says it fully supports the group’s ambition to invest massively in the energy transition of the French overseas departments by 2025.

The American giant plans to make its operational expertise and financial resources available to Albioma to accelerate the group’s international expansion.

It is expected that the information note relating to the public tender offer will be filed with the AMF by mid-May.

KKR intends to request the implementation of a squeeze-out procedure, subject to reaching the threshold of 90% of the capital and voting rights following the offer.

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