Announced
Financials
Sources
Tags
Minority
Pending
Friendly
France
wind farm
Alternative Fuels
Acquisition
Single Bidder
Private
Synopsis
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.
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