Brief: Antin Infrastructure Partners Announces Cash Tender Offer For 100% Of Opdenergy

Opdenergy Holding SA

12/06/2023 06:14

June 12 (Reuters) - Antin Infrastructure Partners Sas
 ANTIN.PA :
    * ANTIN INFRASTRUCTURE PARTNERS ANNOUNCES A VOLUNTARY CASH
TENDER
OFFER FOR 100% OF OPDENERGY
    * CASH TENDER OFFER AT EUR 5.85 PER SHARE WITH INTENTION TO
DELIST
OPDENERGY SHARES
    * THIS IS AN AMICABLE TRANSACTION AND OPDENERGY SHAREHOLDERS
REPRESENTING C.71% OF ITS SHARE CAPITAL HAVE AGREED TO ACCEPT
OFFER AND INTEND TO REINVEST A SHARE OF THEIR PROCEEDS
    * THE PRICE REPRESENTS A PREMIUM OF 46% OVER THE LAST
UNDISTURBED
OPDENERGY SHARE PRICE, 42% OVER THE WEIGHTED AVERAGE PRICE FOR
THE PRECEDING SIX MONTHS, AND 23% OVER THE IPO PRICE IN JULY
2022
    * ANTIN IS COMMITTED TO SUPPORTING OPDENERGY'S OPERATIONS
ACROSS
ITS FOOTPRINT AND PLANS TO RETAIN CURRENT MANAGEMENT
    * ANTIN CONSIDERS OPDENERGY TO HAVE STRONG DEVELOPMENT
POTENTIAL
AS AN IMPORTANT PARTICIPANT IN SPAIN'S ONGOING ENERGY TRANSITION
    * ANTIN WILL SUPPORT OPDENERGY WITH ITS SPECIALIST KNOWLEDGE
AND
IN-DEPTH EXPERIENCE IN ENERGY SECTOR
    * TRANSACTION VALUED AT EUR 866M

Source text for Eikon:  ID: 
Further company coverage:  ANTIN.PA 

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