Edison continues with its strategy of implementation and development of renewable energies. The Milanese company announced that it had acquired 50,078% of Frendy Energy, a company listed on the Aim and specialized in renewable sources (particularly hydroelectric).
Edison informs that the conditions for the promotion of a mandatory public tender offer have thus been verified.
The operation, explains a press release from the group controlled by Edf, "is part of the strategic direction of further strengthening the position of reference operator in the production of electricity from renewable sources". The objective of the offer, which will be launched on 49,922% of the share capital at 0,34 euro per share, is "the complete integration of the Frendy group into Edison through the acquisition of the entire share capital and the implementation of the delisting".
This could take place through the merger in unlisted companies of the Edison group.
