Solaria shares jump on report of takeover interest
14/06/2024 12:35
June 14 (Reuters) - Shares in Spain's Solaria SLRS.MC
jumped by as much as 10% on Friday after a Bloomberg report
saying that the solar developer had received unsolicited
takeover approaches.
At 1:16 p.m. (1116 GMT) the shares were trading 7.8% higher
on the day at 12.33 euros in Madrid, giving it a market value of
around 1.5 billion euros.
Bloomberg cited unidentified people with knowledge of the
matter as saying the company had in recent months rebuffed
interest from potential buyers because their price was too low,
and it was not immediately clear if they had walked away or if
Solaria was weighing options.
Solaria was not immediately available for comment.
The stock has dropped by more than 30% since the start of
the year dragged down by lower electricity prices, making it one
the weakest performers on the Spanish blue chip index Ibex
.IBEX alongside drugmaker Grifols GRLS.MC .
(Reporting by Matteo Allievi, Jakub Olesiuk and Pietro
Lombardi, editing by Andrei Khalip)
((matteo.allievi@thomsonreuters.com;))