PARIS (Agefi-Dow Jones)–The Autorité des marchés financiers (AMF) announced on Wednesday that the KKR fund’s public tender offer for Albioma would be opened on June 23.
The American fund had filed in mid-May its draft takeover bid at a price of 50 euros per share, ex-dividend, and intends to withdraw the producer of renewable energies from listing if it obtains at least 90% of the capital.
The offer received the support of Albioma’s board of directors, while the group committee, representing the employees, issued an unfavorable opinion. Bpifrance, which owns 5% of Albioma, concluded an agreement on May 13 with KKR by which the public bank undertakes to invest alongside the fund in the company, via a joint holding company.
The closing date of the offer will be fixed “after receipt by the AMF of the supporting documents concerning the authorization of the merger operation under the control of concentrations by the European Commission”, specified the AMF.
-Francois Schott, Agefi-Dow Jones; 01 41 27 47 92; [email protected] ed: LBO
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June 22, 2022 09:18 ET (13:18 GMT)