From GlobeNewswire: 2025-03-27 03:50:00

Eesti Energia AS has announced its intention to make a voluntary takeover bid to acquire all shares of Enefit Green AS not currently held by the Offeror. The Bid price is set at 3.40 euros per share, based on the average market price of Enefit Green shares at Nasdaq Tallinn Stock Exchange over the past three months. The Offeror aims to increase its shareholding in Enefit Green up to at least 90% and plans to simplify the legal framework and management of the company post-acquisition. The Bid will start on April 8, 2025, and end on May 12, 2025, with settlement on May 16, 2025.

Eesti Energia will conduct webinars on March 28, 2025, to introduce the Bid to Enefit Green investors. The company aims to create an integrated energy group by combining the sales and production portfolios of Enefit Green and Eesti Energia to enhance competitiveness and profitability. Following a successful Bid, the Offeror plans to carry out a Bond Offer to provide investors an opportunity to continue investing in the group. The Offeror highlights that the schedule may change based on EFSA’s approval.

The Bid and subsequent actions will be conducted in accordance with Estonian laws, and the Offeror will submit a Prospectus and Bid notice to the EFSA for approval. The Offeror emphasizes that this notice on the intention to make a Bid does not constitute a public offer or a Prospectus. Further information on the Bid and Bond Offer can be obtained from Sven Kunsing, Head of Finance Communications, at [email protected] or by visiting https://enefitgreen.ee/en/investorile/.



Read more at GlobeNewswire: INTENTION TO MAKE A VOLUNTARY TAKEOVER BID TO ACQUIRE THE