EDF Renewables to acquire the remaining stake in Futuren for €30.4m.

EDF Renouvelables, Futuren’s majority owner, agreed to acquire the shares it does not already own at $1.25 apiece. The plan is to follow the buyout offer with a squeeze-out at the same price. At present, EDF Renouvelables owns about 251.5 million Futuren shares, representing 90.50% of the share capital and 90.36% of the voting rights. Futuren is an independent producer of wind energy, active over the entire wind value chain. The group develops, builds and operates wind farms in four countries: France, Germany, Italy and Morocco.