US investor KKR announced it acquired an 83.44% stake in French energy company Albioma.
“Following the completion of the Offer initiated by KKR for all Albioma securities, KKR will hold 27,049,985 shares representing 83.44% of Albioma’s capital and 83.44% of voting rights,” Albioma said in a statement released. “The settlement-delivery of the Offer will take place on 11 August 2022.”
Bloomberg reported on March 8 that the KKR could take over Albioma for around €1.1 billion, as part of its strategy of expansion in the field of renewable energies.
“Albioma and KKR are pleased with the great success of this first offer period,” the French company stated. “The Board of Directors unanimously issued, on 30 May 2022, a favorable opinion on the Offer, judging it to be consistent with the interests of the Group, its shareholders and its employees.”
In 2021, Albioma achieved a turnover of €573 million ($584.8 million).
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.