- Press Releases
August 5 (Renewables Now) - US buyout firm KKR & Co Inc (NYSE:KKR) is reopening its friendly tender offer for French independent renewable energy producer Albioma SA (EPA:ABIO), the companies said on Thursday, after KKR secured 83.44% of Albioma’s share capital following the first offer period.
The first offer period was completed on July 27, with the outcome unveiled on August 1. The tender offer will now be reopened from August 8 to September 9 on the same terms, so that shareholders who have not yet tendered are able to do so. If KKR obtains at least 90% of Albioma’s share capital and voting rights, it will ask for a mandatory squeeze-out procedure.
Albioma operates biomass and solar power plants in metropolitan and overseas France, Mauritius and Brazil, and also has geothermal facilities in Turkey. Its portfolio exceeds 1 GW.
(EUR 1 = USD 1.023)