Falck Renewables announced that the Infrastructure Investments Fund (long-term investor in infrastructures and related assets) has reached an agreement for the purchase of the stake representing 60% of the capital of the company owned by the shareholder Falck.
The agreement stipulated provides for the purchase of the shareholding at a price of 8.81 euros per share, which incorporates a 15.2% premium compared to the closing price of Falck Renewables in the session of 19 October 2021 (€ 7.645). The price will not be subject to further changes deriving from the possible conversion of Falck Renewables convertible bonds into shares.
The completion of the transaction is subject to obtaining the authorizations and is expected in the first quarter of 2022.
Following the closing, the Infrastructure Investments Fund will promote the mandatory cash tender offer on the remaining capital of Falck Renewables, at the same price per share offered to Falck, with the intention of achieving the delisting of the company from Piazza Affari. Subject to the closing, the offeror intends to promote atakeover bid in cash, under the same terms and conditions, on the bonds convertibles of Falck Renewables aimed at qualified investors.
Falck Renewables reported that the investment of a new strategic partner allows the company to exploit the investment opportunities that are being created in the renewable energy sector.
This writing is prepared for informational purposes only, can be changed at any time and CANNOT be considered a solicitation to public savings. The website does not guarantee the correctness and assumes no responsibility for the use of the information contained therein.