Edison, on behalf of Eolo Energia, communicated that the mandatory offer document on the Alerion Clean Power, the company that operates in the production of wind energy and over which a competition is underway with Fri-El for control. Consob had asked Eolo (controlled by Edison) on December 2 to present the necessary documents for the mandatory takeover bid after the group had communicated that it had reached, by virtue of the shareholders' agreements signed with F2i, an overall share of 38,9% of the Alerion capital. “Overall – explained the press release released on 2 December – 3.288.137 shares were contributed, corresponding to 7,545% of Alerion's capital. Taking into account the purchases made during the offer period amounting to a total of 6.665.288 shares corresponding to 15,295% (of which 16.592 shares purchased today at the offer price of 2,46 euro per share), as well as the corresponding shares held by F2i at 6.985.856 equal to 16,030%, the percentage reaches 38,860% of the capital”. A threshold higher than the 30% ceiling beyond which the obligation of the public offer is triggered to protect small shareholders.
Edison, in recent days, declared that the tender offer promoted by its subsidiary Eolo Energia prevails over the offer of FRI-EL and therefore announced that the Alerion shareholders, who subscribed to the full tender offer of FRI-EL, may, subject to revocation of their acceptance, join theEolo offer from 9 to 15 December. In fact, Eolo Energia considers its own as prevailing since its participation is higher than that of FRI-EL and consequently it should be suitable to ensure the outcome of the resolutions of the ordinary Shareholders' Meeting of Alerion and in particular those relating to the appointment and revocation of the BoD .
