ENCAVIS, a leading operator of wind and solar farms, is on the verge of being acquired by US financial investor KKR. This was reported from Hamburg on Thursday, where the executive board and supervisory board recommended that shareholders accept KKR's offer. The offered purchase price of 17.50 euros per share is considered appropriate by the committees.
KKR, Along with Co-Investor, the Family-Owned Company Viessmann, Had Submitted a Voluntary Public Takeover Offer for the MDAX-Listed Group in March. Viessmann is Involved with a 25.1 Percent Stake. The Total Offer Amounts to Approximately 2.8 Billion Euros, Highlighting the Strategic Importance of ENCAVIS in the Renewable Energy Sector.
The Bid Documents Have Been Recently Published, and Shareholders Have Until May 29 to Accept the Offer. The Current Price of ENCAVIS Stock in XETRA Trading Shows a Stable Market Situation With a Slight Increase of 0.06 Percent to 16.91 Euros. This Move Could Open Up New Growth Opportunities for ENCAVIS and Further Strengthen the Company's Position in the Renewable Energy Sector.
