Eesti Energia Announces Voluntary Takeover Bid for Enefit Green Shares
Why we think this is neutral
This RNS announcement is a notice of a voluntary takeover bid and does not contain any of the mandatory news types that would require a more detailed analysis. The announcement provides information about the offer, the target company, and the proposed transaction, but does not include any financial figures or performance updates.
Key Points
- Eesti Energia AS is making a voluntary takeover bid for Enefit Green AS
- The offer price is EUR 3.40 per share
- Eesti Energia already owns 77.17% of Enefit Green's shares
- The aim is to increase Eesti Energia's shareholding to at least 90% and delist Enefit Green
- Eesti Energia plans to launch a public bond offering following the successful bid
Summary
The energy company is making a voluntary takeover bid to acquire the remaining shares of the renewable energy firm it does not already own.
Eesti Energia AS is making a voluntary takeover bid to acquire all the shares of Enefit Green AS that it does not already own, which represents 22.83% of the total shares. The offer price is EUR 3.40 per share. The aim of the bid is to increase Eesti Energia's shareholding in Enefit Green to at least 90% and subsequently delist the company from the Nasdaq Tallinn Stock Exchange.
Key Dates
16 May 2025
Settlement Day for the takeover bid
12 May 2025
Deadline for the takeover bid
14 May 2025
Publication of the results of the takeover bid
8 April 2025
Start of the takeover bid period
2025
Planned public bond offering by Eesti Energia
GENERAL UPDATE