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.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
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
Can’t stop reading? Read more
Blackstone alum Blitzer leads 154 Partners’ $400m push into sports investments
Blackstone alum Blitzer leads 154 Partners’ $400m push into sports investments 154 Partners has...
General Atlantic lands $3bn Team Services acquisition from Alpine Investors
General Atlantic lands $3bn Team Services acquisition from Alpine Investors General Atlantic has...
Apollo, CVC, Ares, and Sixth Street circle Serie A media rights stake
Apollo, CVC, Ares, and Sixth Street circle Serie A media rights stake Private equity firms...