Green light to EQT’s takeover on Solarpack

The Council of the National Securities Market Commission (CNMV) has given the green light to the public offer for the acquisition of shares (OPA) of Solarpack presented by Veleta Bid, an investment vehicle of the Swedish group EQT, which was announced on June 16, this same year. The offer price is 26.50 euros per title, which implies an approximate premium of 45% on the closing price of the shares of the renewables firm the day before the announcement (18.28 euros).

Is directed 100% of the share capital Solarpack, which is made up of a total of 33,253,012 shares. We talk about a valuation of the company specialized in photovoltaics of 881.2 million euros, endorsed by Banco Santander, which will have to be paid in cash.

Terms and deadlines

The effectiveness of the offer, which already has the approval of the Council of Ministers, is subject to the condition that the acceptances comprise a minimum of 24,939,760 shares. A representative figure of 75% plus one share of the capital stock of the solar energy company with voting rights, also including the titles owned by the selling shareholders.

The term of acceptance of the offer will be 22 calendar days “as of the trading day following the publication of the first announcement with the essential data of the offer, also ending on the trading day”, as notified to the CNMV.