France's Financial markets Authority (Autorité des marchés financiers) has endorsed EDF Energies Nouvelles' (the EDF subsidiary dedicated to renewable energy) public tender offer (Offre Publique d’Achat Simplifiée) for the Futuren's shares and convertible bonds it does not own.
This offer comes as announced after the June 2017 acquisition by EDF EN of 67.2% in the renewable wind project developer Futuren. It concerns shares and convertible and/or exchangeable bonds of the renewable electricity producer. EDF EN offers to redeem all Futuren's shares at a price of €1.15 per share, as well as the convertible and/or exchangeable bonds at a price of € 9.37 per bond.
Futuren is an onshore wind energy specialist with a presence in France, Germany, Morocco and Italy which owns 389 MW of gross wind energy capacity and operates 357 MW for third parties. The company is also developing wind energy projects representing over 168 MW in capacity. The acquisition is fully in line with EDF Group’s CAP 2030 strategy which aims at doubling its global capacity in renewable energy by 2030.
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