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FUTUREN and the majority shareholders acting in concert entered into exclusive talks with EDF Energies Nouvelles   (2017/04/25 08:30 AM)

Following the analysis initiated by FUTUREN on the strategic options and the potential development scenarios for the Group and its shareholding, the Company and the majority shareholders acting in concert, including various investment funds managed by the investment company Boussard & Gavaudan (the "Concert") entered into exclusive talks with EDF Energies Nouvelles after receiving an offer relating to the acquisition of the majority stake of the share capital of FUTUREN.

The transaction would consist in the acquisition by EDF Energies Nouvelles, subject to the consultation of its works council and the approval of its Board of Directors, of the Concert's shareholding, which collectively own 61.6% of the ordinary shares and 96.0% of the convertible bonds (OCEANEs) of FUTUREN.

EDF Energies Nouvelles would offer a price of €1.15 per share (representing a premium of 38.6% to the closing price on 24 April 2017) and €9.37 per OCEANE, ex coupon (representing a premium of 39.7% to the closing price on 24 April 2017).

The Board of Directors of FUTUREN, held on 24 April 2017, unanimously welcomed the offer made by EDF Energies Nouvelles.

In accordance with the provisions of the Autorité des Marchés Financiers General Regulation, upon completion of the transaction, EDF Energies Nouvelles would launch a simplified tender offer (OPAS) over all remaining FUTUREN's shares and convertible bonds (OCEANEs). In this context and in accordance with the applicable regulatory provisions, the Board of Directors of FUTUREN will appoint an independent expert that will be responsible for preparing a report on the fairness of the financial conditions of the transaction.

The closing of final agreements might occur after the procedures applicable pursuant to social regulations and upon approval of the Board of Directors of EDF Energies Nouvelles. The transaction would also be subject to clearance from the relevant antitrust authorities.


About FUTUREN

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: Germany, France, Morocco and Italy. In total, the Group operates 745 MW for its own account and for third parties.

 
CONTACT

Elodie Fiorini
General Secretary
Tél : +33 (0)4 42 906 596
[email protected]


French Société anonyme (public limited company with Board of Directors) with a share capital of €22,693,545.00

Registered office: 6 rue Christophe Colomb - 75008 Paris - France

Administrative address: Europarc de Pichaury - Bât. B9 - 1330 avenue JRGG de la Lauzière - BP 80199 - 13795 Aix-en-Provence Cedex 3 - France

Tel: +33 (0)4 42 904 904 – Fax: +33 (0)4 42 904 905 - www.futuren-group.com

The stock is listed on the compartment B of Euronext Paris, symbol: FTRN.


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