Opdenergy shares jump 43% following €866m Antin bid
Shares in Opdenergy Holdings climbed Monday after Antin Infrastructure Partners said it had made an offer to buy the Spanish energy company
In early morning trading, shares in the company were up 43% to €5.71.
Antin, a France-based private-equity firm, offered to buy Opdenergy for €866m euros. The deal is subject to regulatory approval.
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Renta 4 Banco analysts view Antin’s €5.75-a-share offer favourably given that it represents a premium relative to both Opdenergy’s closing price of €4.00 on Friday and last year’s IPO price of €4.75, and the company’s three largest shareholders back it, they said in a research note.
Source: Private Equity News
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