PARIS (Agefi-Dow Jones)–The Autorité des marchés financiers (AFM) on Tuesday declared the friendly tender offer by Kohlberg Kravis Roberts & Co (KRR) for Albioma compliant.
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 offer also received on June 17 the approval of the Ministry of Economy and Finance under the control of foreign investments.
The AMF specified that it would publish the timetable for the public offer after the offeror’s information memorandum and Albioma’s response memorandum have been published.
-Francois Schott, Agefi-Dow Jones; 01 41 27 47 92; [email protected] ed: ECH
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June 21, 2022 10:25 ET (14:25 GMT)