Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. France
  4. Euronext Paris
  5. Futuren
  6. News
  7. Summary
    FTRN   FR0011284991

FUTUREN

(FTRN)
  Report
SummaryChartsNewsCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Futuren : EDF Energies Nouvelles launches a simplified tender offer over FUTUREN

06/20/2017 | 02:24am EDT
EDF Energies Nouvelles launches a simplified tender offer over FUTUREN (2017/06/20 08:15 AM)

Following the acquisition on June 9, 2017 of 67.2%[1] of the share capital of FUTUREN (FTRN), EDF Energies Nouvelles has filed today a draft offer document with the Autorité des Marchés Financiers (AMF) in view of the launch of a simplified tender offer for all the shares and convertible bonds (OCEANE) of FUTUREN not held by EDF Energies Nouvelles group.

This offer will be proposed at a price of € 1.15 per share and € 9.37 (ex-coupon) per OCEANE, i.e. at the same conditions as those of the acquisition completed on June 9, 2017 from the previous majority shareholders.

FUTUREN has also filed today with the AMF a draft document in response to the simplified tender offer launched by EDF Energies Nouvelles which contains, inter alia, the reasoned opinion of its board of directors held on June 19, 2017 according to which, based on the conclusions of Finexsi[2] and the recommendations of the committee comprising the independent directors, such offer is in the best interests of the company, its employees and its shareholders and OCEANE holders.

The full draft offer document of EDF Energies Nouvelles is available on the website www.edf-energies-nouvelles.com.

The full draft response document of FUTUREN is available on the website www.futuren-group.com.

The offer and both draft documents remain subject to the review of the AMF.

About EDF Energies Nouvelles

EDF Energies Nouvelles is a market leader in renewable energy electricity, with a portfolio of more than 9,5 GW gross installed capacity focused for the most part on wind (onshore and offshore) and solar photovoltaic energy. Mostly operating in Europe and North America, EDF Energies Nouvelles continues its development by taking strong positions in promising emerging areas such as Brazil, Chile, China, India or South Africa. The Company is also present in other segments of the renewable energy market: marine energy, distributed energies and energy storage. EDF Energies Nouvelles manages renewable energy projects' development and construction as well as operation and maintenance for its own account and for third parties. EDF Energies Nouvelles is a subsidiary of the EDF Group dedicated to renewable energy.

Visit us at www.edf-energies-nouvelles.com and follow us on https://www.linkedin.com/company/edf-energies-nouvelles and on Twitter @EDFEN_officiel

About FUTUREN

FUTUREN is an independent producer of wind energy, active over the entire wind value chain. The Group develops, builds and operates wind farms in four countries: Germany, France, Morocco and Italy. In total, the Group operates 734 MW for its own account and for third parties.

[1] Based on the fully-diluted share capital reflecting conversion of the convertible bonds.

[2] The independent expert instructed to assess the financial terms of the offer.

Futuren SA published this content on 20 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 June 2017 06:24:04 UTC.


ę Publicnow 2017
All news about FUTUREN
2020EDF Renouvelables, S.A. cancelled the acquisition of 9.49% stake in FUTUREN SA.
CI
2019FUTUREN : FUTUREN commissions two wind farms and obtains a new building permit in France
AN
2019FUTUREN : acknowledges EDF Renouvelables's intention to file a buyout offer followed by a ..
PU
2019FUTUREN : FUTUREN acknowledges EDF Renouvelables’s intention to file a buyout offer follow..
AN
2019EDF Renouvelables, S.A. made an offer to acquire 9.49% stake in FUTUREN SA for Ç30.4 mi..
CI
2019FUTUREN : results increase thanks to the recent commissioning of four wind farms
PU
2019FUTUREN : FUTUREN’s results increase thanks to the recent commissioning of four wind farms
AN
2019FUTUREN : Monthly statement on outstanding equity shares and voting rights
CO
2019FUTUREN : Monthly statement on outstanding equity shares and voting rights
CO
2019FUTUREN : reports a revenue up by + 11% in the first half of 2019
PU
More news
Financials
Sales 2018 67,5 M 79,0 M 79,0 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 374 M
EV / Sales 2017 6,70x
EV / Sales 2018 6,89x
Nbr of Employees 105
Free-Float -
Chart FUTUREN
Duration : Period :
Futuren Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
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