JP Morgan IIF LP managed by J.P. Morgan Investment Management Inc. made a tender offer to acquire remaining 40% stake in Falck Renewables S.p.A. (BIT:FKR) for €1.02 billion on February 24, 2022. The offer price is €8.81 per share and the offer is for 115.96 million shares and 34.64 million shares upon conversion of bonds. The offer was approved by CONSOB. The transactions have been carried out through Intesa Sanpaolo S.p.A. The offer is valid till April 7, 2022. As of April 13, 2022, The offer began on 11 April 2022, will end on 10 May 2022 and a total of 663,468 requests for adhesions are represented, equal to 0.69% of the offer. The Board of Directors of Falck Renewables S.p.A. approved and reviewed and took into consideration, among other things, the opinion rendered on the date hereof by the independent directors the fairness opinion. Lazard S.r.l. acted as fairness opinion provider to Falck.

JP Morgan IIF LP managed by J.P. Morgan Investment Management Inc. completed the acquisition of remaining 40% stake in Falck Renewables S.p.A. (BIT:FKR) on May 16, 2022.