Encavis AG’s (<a href="https://www.boerse-frankfurt.de/equity/encavis-ag" target="_blank">ETR:ECV</a>) management and supervisory boards have recommended that shareholders of the German wind and solar parks operator accept the bid placed by KKR & Co Inc (<a href="https://www.nyse.com/quote/XNYS:KKR" target="_blank">NYSE:KKR</a>) to take over the business at a total equity valuation of about EUR 2.8 billion (USD 2.99bn).