$456m offer for French wind energy developer

An Australian bank has placed a $456m friendly takeover bid for French wind power developer, Theolia.

Macquarie European Infrastructure Fund 4 (MEIF4), an infrastructure fund managed by Australian bank Macquarie, has offered a price of €1.70 per share, representing a premium of 51.8 per cent over the last share price prior to the announcement of the offer.

Wind power

Theolia's management and board have recommended the offer citing reasonable financial standpoint by the Board-appointed independent expert.

The offer caps efforts to turn Theolia’s fortunes around after a lack of project financing during the global financial crisis.

Theolia's wind energy portfolio comprises power capacity of 1,269MW across France, Germany, Italy and Morocco.

For more power mergers and acquisitions news



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...