EQT Infrastructure , through Veleta BidCo, completes the voluntary tender offer for Solarpack, a geographically diversified renewable energy developer and owner of solar photovoltaic plants
- The total acceptance of the tender offer for Solarpack reaches 96.04 percent, which will allow Veleta BidCo to exercise the squeeze-out right for the Company's remaining shares
- The delisting of Solarpack is expected to take place in the end of
December 2021
EQT is pleased to announce that the EQT Infrastructure V fund ("EQT Infrastructure"), through the investment vehicle Veleta BidCo S.à r.l. ("Veleta BidCo") has successfully completed its voluntary tender offer ("the Offer") for Solarpack Corporación Tecnológica, S.A. ("Solarpack" or the "Company"), a vertically integrated developer and IPP focused on utility scale solar PV projects with a strong international pipeline, listed on the
On
The total acceptance of the Offer has today reached 96.04 percent and, hence, pursuant to the provisions of Article 136 of the Securities Market Act, Article 47 of Royal Decree 1066/2007 and section 3.2 of the Offer Prospectus, the requirements to exercise the squeeze-out right have been met. Veleta BidCo will publicly and generally disseminate the characteristics of the squeeze-out via the same media used for the dissemination of the Offer. The execution of the squeeze-out will allow Veleta Bidco to acquire 100 percent of Solarpack shares and trigger the right to the delist the Company. The delisting will take effect as of the settlement of the squeeze-out transaction, which is expected at the end of
Asís Echániz, Head of EQT Spain and Partner within
Contact
Spanish media inquiries: malonso@grupoalbion.net, +34 659 007 048
International media inquiries: EQT Press Office, press@eqtpartners.com, +46 8 506 55 334
About EQT
EQT is a purpose-driven global investment organization with more than
More info: www.eqtgroup.com
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About Solarpack
Solarpack is a geographically diversified solar PV developer and independent power producer. Since its inception in 2005, Solarpack has developed/built approximately 1.3 GWs across eight countries, mainly in
More info: www.solarpack.es
https://news.cision.com/eqt/r/eqt-infrastructure-successfully-completes-the-voluntary-tender-offer-for-solarpack,c3460982
https://mb.cision.com/Main/87/3460982/1501829.pdf
https://news.cision.com/eqt/i/solarpack,c2985010
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