Antin offered to pay 5.85 euros per Opdenergy share, which represents a 46% premium over the closing price on Friday and 23% more than the price of the IPO in July 2022, it said in a filing to the Madrid stock market regulator.

Antin intends to delist the shares if the offer is successful, it said.

Opdenergy operates renewable power plants with a capacity of 904 megawatts (MW) and is developing more projects with a total capacity of 951 MW. The company operates in Spain, the United States, Chile, Italy and Mexico.

With its sunny plains, heavily dammed rivers and windswept hills, Spain is attracting investors to renewable energy projects as the government seeks to meet ambitious targets on reducing greenhouse gas emissions by 2030.

($1 = 0.9307 euros)

(Reporting by Matteo Allievi; Editing by Inti Landauro and Gerry Doyle)