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    FTRN   FR0011284991

FUTUREN

(FTRN)
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EDF Renouvelables, S.A. made an offer to acquire 9.49% stake in FUTUREN SA for €30.4 million.

10/01/2019 EDT

EDF Renouvelables, S.A. made an offer to acquire 9.49% stake in FUTUREN SA (ENXTPA:FTRN) for €30.4 million on October 1, 2019. FUTUREN's Board of Directors held a meeting on September 30, 2019 in the light of a draft buyout offer, at a price of €1.15 per FUTUREN's share, by EDF Renouvelables Group currently holding, directly and by assimilation, approximately 250 million shares representing 90.50% of the share capital and 90.36% of the voting rights. A squeeze-out will be carried out at the same price after the buyout offer. FUTUREN's Board of Directors, upon recommendation of the committee comprising the independent Directors, appointed the firm Associés en Finance represented by Aurélien Bricout as independent expert for the purpose of assessing the fairness of the financial terms of the buyout offer and the squeeze-out, in accordance with Article 261-1, I and II of the Financial Markets Authority (AMF) General Regulation. Transaction is expected to close by December 20, 2019. Hubert Segain, Laurence Vincent, Alexandra Ferrier, Bruno Knadjian and Romain Martinez of Herbert Smith Freehills Paris LLP acted as legal advisors for FUTUREN. Freshfields Bruckhaus Deringer (France) acted as legal advisor for EDF Renouvelables in the transaction.


© S&P Capital IQ 2019
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Financials
Sales 2018 67,5 M 79,2 M 79,2 M
Net income 2018 -0,81 M -0,95 M -0,95 M
Net Debt 2018 151 M 177 M 177 M
P/E ratio 2018 -386x
Yield 2018 -
Capitalization 320 M 355 M 375 M
EV / Sales 2017 6,70x
EV / Sales 2018 6,89x
Nbr of Employees 105
Free-Float -
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Managers and Directors
Alexandre Morin Chief Executive Officer
Elodie Fiorini CFO, Secretary & Head-Communications
Nicolas Couderc Chairman
Lilia Jolibois Independent Director
Michel Sirat Independent Director